Wednesday, September 19, 2012

Ex-Pagcor head in plunder raps


From: People’s Journal (journal.com.ph)

GOVERNMENT prosecutors yesterday recommended the filing of plunder, multiple counts of malversation of public funds, and graft charges against former Philippine Amusement and Gaming Corporation (Pagcor)  chairman Efraim Genuino for the alleged diversion of rice donations and funds to boost his daughter’s election bid.

Justice department prosecutors said preliminary investigation showed that Genuino and other Pagcor  officials colluded with private individuals to allegedly pocket some P50 million.
There was also probable cause, the prosecutors said, to warrant charges of graft and malversation for the alleged diversion of part of 10,000 sacks of donated Thai rice to ensure the victory of his son in the 2010 elections.
Genuino allegedly got the Thai rice from Aruze Corporation, one of the proponents for Pagcor’s Entertainment City Project. But of the 10,000 sacks, only 6,500 allegedly ended up with the Department of Social Welfare and Development for distribution to typhoon victims while 3,500 were withdrawn and delivered to the Pagcor warehouse in Imus, Cavite.
Pagcor claimed the remaining 3,500 sacks were replaced with a cheaper variety by virtue of a barter agreement entered into by Pagcor with a private rice mill. 

Then, several hundreds of bags of rice were repacked in sacks bearing the images of Ton (Anthony) and Erwin Genuino who were candidates during the 2010 elections.
Genuino was also linked to the use of Pagcor money in the production of the film “Baler” in 2008 and alleged diversion of funds to Batang Iwas Droga (BIDA) Foundation, which ran but lost in the party-list elections with Genuino’s daughter, Sheryl Genuino-See, as its first nominee.  ###       


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