Ombudsman Morales OKs filing of raps vs ex-DBP execs



MANILA, Philippines–Ombudsman Conchita Carpio-Morales on Wednesday gave the go signal to prosecute officials of the Development Bank of the Philippines (DBP) in connection with the grant of two loans worth a total of P660 million in 2009 to Delta Ventures Resources Inc. (DVRI).

In a Review Resolution released to the public Wednesday found enough basis to file with the Sandiganbayan a case for violation of the Anti-graft law against former DBP officers Patricia Sto. Tomas, former Chairman; Reynaldo David, former President & Vice-Chairman; former Directors Alexander Magno, Floro Oliveros, Miguel Romero, Franklin Velarde, Renato Velasco and Joseph Donato Pangilinan; Edgardo Garcia, former Senior Executive Vice President (SEVP) & Chief Operating Officer; Armando Samia, former SEVP & Head of Marketing Sector;

Rolando Geronimo, former SEVP; Perla Soleta, former Senior Assistant Vice President (SAVP); Jesus Guevarra II, former SEVP & Marketing Head of the Brach Banking Sector (BBS); Crescencia Bundoc, former VP & Head of Regional Marketing Center-Metro Manila (RMC-MM); Arturo Baliton, BBS Manager for RMC-Western Luzon; Nelson Macatlang, RMC-WL Chief Accounts Management specialist; Marissa Cayetano, RMC-MM Assistant Manager; and (ii) private individuals Roberto Ongpin, DVRI General Manager; Josephine Manalo, DVRI President; and Ma. Lourdes Torres, treasurer of Goldenmedia Corporation (GMC).

Ombudsman Morales also found probable cause to file a separate graft case against Sto. Tomas, David, Magno, Oliveros, Romero, Velarde, Velasco, Garcia, Samia, Geronimo, Soleta, Guevarra, Bundoc, Baliton, Ongpin, Manalo, Torres along with Ramon Durano IV, former DBP director; Benedicto Ernesto Bitonio Jr., former EVP and Head of Finance Sector; Teresita Tolentino, former AVP; Rodolfo Cerezo, RMC-MM Assistant Manager; and Warren De Guzman, RMC-MM Assistant Manager, for the grant of a P510 million loan to DVRI.

The charges against Benilda Tejada, Josephine Jaurique and Justice Lady Flores were dismissed for insufficiency of evidence.

In a 43-page, the Ombudsman partially granted Velasco’s motion and recommended the dismissal of the criminal charges against him in relation to the grant of the P150,000 loan to DVRI, as “the subject facility was processed and approved sometime in April 2009”, while he only became a Director of the bank on 04 November 2009.The Order however affirmed the Office’ finding of probable cause against him for violation of Sec. 3(e) of RA 3019 in relation to the grant of the P510,000 loan to DVRI.

The Order however denied the motions filed by DBP and the other respondents. It reiterated that “the loans were behest as they conform to some of the criteria in determining whether a loan is behest, laid down in Memorandum No. 61 dated 09 November 1992,namely: a) DVRI was undercapitalized; b) the loans were undercollateralized; c) the project subject of the loans was not legally feasible; d) there was a resort to corporate layering; e) there was extraordinary speed in the processing and release of the loans; f) respondent Ongpin was a crony of respondent David; and g) DVRI’s loans were approved at the behest of respondent David, a highly-placed Senior Officer of the State-owned bank.”

The case stemmed from the complaint filed in 2011 by DBP through its chairman, Jose Nuñez, and its president and chief executive officer, Francisco Del Rosario, Jr. for violation of the anti-graft law and other banking regulations. The loan was allegedly granted under relaxed concessions allegedly used in the purchase of DBP-owned shares in Philex Mining Corporation.

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  • otoling

    Guilty talaga ang mga tao na yan nake-connive kay Ongpin.  Tapus bubuksan na ang mga banks accounts ni Ongpin, sunod na rin ang mga banks account nila Santo Tomas, David, et al.

    • Observer_din

      isa sa makapal ang mukha dito sa mga akusado na nagkukunyaring malinis na columnista si Alex Magno, dapat imbestigahan din to, yumaman din yan noong panahon ni MACAPAL ARROYO.

  • El_Gran_Capitan

    Good work Madam Ombudsman

  • Constantine

    David can be a star witness and point to the real mastermind of all these shenanigans!

    • Handiong

      No. If you will read the facts of the case, you’ll know that David is a co-mastermind with Ongpin. The two engineered the whole thing and certainly bribed DBP’s directors and officers involved in the approval of the loans. With the profits from the transaction running into hundreds of millions, it was easy to spare a few tens of millions to buy the cooperation of the bank’s directors and officers.

      If there is any state witness, it will come from the lower ranks of bank specialists who were certainly ordered by their superiors to cooperate. 

  • palakasantayo

    How far do we think Ombudsman will get into this? Hopefully, this will not end up being swept under the carpet. A lot of big influential people identified here. Ms. Ombudsman… this is a very challenging case for you. This will make you or break you. If you make it (successfully persecute them) you’ll be a hero with more respect to your office/position; however, if you fail, you and your office will be the laughing stock of the counrty and big fishes will just swim around you. Ms. Morales… good luck and more power to you. Ingat lang…. 

  • joshmale2004

    These accused people are the same people being defended by Tiglao in his column last week. And Tiglao was accusing Pnoy of using AMLA to persecute the accused and freezing their bank accounts using AMLA. What Tiglao did not mention in his column was that these personalities had a hand and were responsible for the behest loan given by DBP to Ongpin for Ongpin to purchase Philex from DBP and later sold same company to MVP. This behest loan was done during GMA’s term.

    • blainz

      Last week and this week… and probably next week… and the weeks to come. PDI could retitle his column “Thursday PMS with Bert” without irony.

      I wouldn’t be surprised at all if one of Ongpin’s lawyers rips his face off ala Mission Impossible and it’s Berting underneath.

      The prospect of Alex Magno getting his comeuppance must make Berting very uncomfortable. If it does happen, I hope it marks the end of “journalists” hankering after political appointments. It may yet be up to the good Ombudsman to rid media of this particular corruption.

  • ADD

    Kaya pla bigtime na si Alex Magno, hindi ko na makita sa kalsada, sa hotel at resort ko na lng nakikita.

  • Your_King

    How can Morales have any credibility? She seems to be biased. Even when her own Ombusdman investigators give their findings and conclusions on investigated cases, she ignores them and wants the conclusions to match her desires. in other words, if a panel finds no plunder she’ll ignore that and wait for another panel to put plunder ever when there is none.

    • Ding

      You mean you are better than Morales?  What are you doing here?

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