10/25/2016

ExPagcorchair,10othersfaceplunder,graftcharges|INQUIRER.net

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NWINFO/NATION 178 HAR

xPagcorchair,10otherfaceplunder,
graftcharge
By: Marlon Ramos / @MRamosINQ

PhilippineDailInquirer/02 22AMOctoer25,2016

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WHATDOYOUMANNONXITNT?FormerPagcorchiefCritinoNaguiatJr.atheprojecti
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An anticrime group on Monday brought plunder and graft charges in the

Department of Justice against former Philippine Gaming Corp. (Pagcor)
chair Cristino Naguiat Jr. and 10 others in connection with alleged irregular
payment of P234 million in rental fees to a private company for a

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nonexistent property last year.

Naguiat, a trusted friend of former President Benigno Aquino III, initiated
the filing of several criminal cases against his predecessor, Efraim Genuino,
after he was named to head the state-owned gaming company in 2010.

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OPINION

To hell with your aid!

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Now, he and several former Pagcor officials are the ones on the receiving
end.

Accused

ADVRTIMNT

Besides Naguiat, also named

respondents in the complaint filed
by the
Volunteers Against Crime and
Corruption (VACC) were former
Pagcor president Jorge Sarmiento,
Jose Tanjuatco, Enriquito Nuguid,
Eugene Manalastas, Milagros
Pauline Visque, Ramon Jose Jones,
Romeo Cruz Jr., Annalyn Zoglmann and Kathleen Delantar.
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10/25/2016
ExPagcorchair,10othersfaceplunder,graftcharges|INQUIRER.net
Romeo Cruz Jr., Annalyn Zoglmann and Kathleen Delantar.

Manuel Sy, owner of Vanderwood Management Corp. (VMC), which leased a

6,500-square-meter lot to Pagcor for P13 million a month, was named
private respondent in the complaint.
In an eight-page complaint, VACC founding chair Dante Jimenez and board
member Arsenio Evangelista said Naguiat and the others conspired with
one another to hoodwink the government by entering into a fraudulent
agreement with VMC.
Public money was paid by [the former Pagcor officials] to respondent VMC
for nothing. This is indubitably a raid on the public treasury, the VACC
complaint said.
All told, conspiracy among the respondents was established beyond a
shadow of doubt, it said.

[They] acquired ill-gotten wealth through malversation of public funds and

raid on the public treasury, and by taking advantage of their official
positions, it added.

Surprise approval
According to Jimenez and Evangelista, the Pagcor board of directors headed
SECTIONS Tuesday, October 25, 2016
by Naguiat surprisingly approved the 15-year lease contract between the

TODAY'S PAPER

state-run gaming company and VMC on

March 24, 2015, hours after Pagcors bids and awards committee granted it
to VMC.
They said the former Pagcor officials also immediately approved the release
to VMC of P156 million in advance rental payment for 12 months and a
deposit of P78 million.
Citing the audit report of the Commission on Audit, the VACC said the
property, which Pagcor planned to use to build a casino, was actually
owned by the Manila city government and was leased to Oceanville Hotel
and Spa Corp.
The subject lease contract was void [from the start] because its object,
which was the building space intended for the casino was nonexistent at
the time of its execution, the VACC said.

Project aboveboard
When reached for comment, Naguiat said he disagreed with the use of the
term nonexistent to describe the project and put it in bad light.
He said there were no other existing structures that met Pagcors
specifications for the project, hence the need to build one.
This project is aboveboard. It will save the agency millions of pesos, and
the new management knows this, Naguiat said in a phone interview.
He explained that once Pagcor decided to move its existing casino out of the
Gatchalian family-owned Waterfront Manila Pavilion Hotel, VMC agreed to
build a structure for it according to the gaming companys requirements.
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TAGS: Benigno Aquino III, Cristino Naguiat Jr, Graft and Corruption, Pagcor,
Philippine news update, Plunder

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ARNELBAYOTIGNACIOsurenanangungurakotngayonsaPAGCORparaibigaysa
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Whenwillthiscountrygetwise,andtossoutthebankingsecrecylaws????
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iDUEPROCESSnaagadangkasongiyangngmaikulongnaagadangmga
PLUNDERERS!!!!
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ConradoCruz3hoursago

MahusayangdatingnamumunongPAGCOR.Ayawniyanggamitinangtermna
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ayonsakanyanaangibigsabihin,nakatayonabuildingperomaghintaylangnamatapos
ayonsaPAGCORrequirements.
Tuesday, October 25, 2016

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nice,magandangbalita....pagcorgatasanyanngmganagdaangadministrayon

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