Former Presidential Commission on Good Government (PCGG) chairman Camilo S. Sabio. www.senate.gov.ph PHOTO
MANILA, Philippines – Former Presidential Commission on Good Government (PCGG) chairman Camilo S. Sabio will face criminal cases for allegedly embezzling about P12 million from the recovered ill-gotten wealth of the Marcoses.
The Office of the Ombudsman ordered the filing of charges after its investigation showed that Sabio embezzled P10.3 million during his term as PCGG chief.
The PCGG received the money as remittances from sequestered Mid-Pasig Land Development Corporation and from the sale of A. Soriano Corporation, another sequestered firm from the Marcoses.
Sabio also spent for his personal needs about P1.56 million in cash advances.
The cash advances consisted of accommodation, contingency funds, litigation fees and other related expenses in connection with his trip to Kuala Lumpur, Malaysia.
In a 20-page resolution, acting Ombudsman Orlando Casimiro said Sabio would be charged with violating Republic Act 3019 or the Anti-Graft and Corrupt Practices Act and two counts of malversation of public funds.