Press Release
March 5, 2016

Trillanes asks BIR, AMLC, PSE, SEC to investigate the personalities linked to UMak plunder case

Senator Antonio "Sonny" F. Trillanes IV asked various government institutions to look into the alleged violations committed by personalities linked to the University of Makati College of Nursing plunder case led by Vice President and erstwhile Makati City Mayor Jejomar Binay, former Makati City Mayor Jejomar Erwin Binay, University of Makati President Tomas Lopez, and certain private individuals, including officials of Systems Technology Inc. (STI), led by STI Chairman, Eusebio "Yosi" Tanco, STI President Monico Jacob, Annabelle Borromeo and Dr. Jack Arroyo, Jr., nephew of Senator Joker Arroyo, Jr.

Said individuals were implicated in the case for plunder, malversation of public funds and violation of the Anti-Graft and Corrupt Practices Act and the Government Procurement Reform Act for allegedly conniving with one another to divert public funds from the University of Makati (UMak) in favor of a private corporation, earlier filed before the Office of the Ombudsman by Atty. Renato Bondal, one of the witnesses in the Senate inquiry conducted at the instance of Trillanes.

In a letter recently sent by Trillanes to the Anti-Money Laundering Council (AMLC), the Securities and Exchange Commission (SEC), the, Philippine Stock Exchange (PSE), and the Bureau of Internal Revenue (BIR), Trillanes noted that in the course of their research in relation to the hearing of the Senate Blue Ribbon Sub-Committee on the Makati corruption scandal, they have uncovered 'indubitable facts and records' showing how the accused individuals misappropriated funds intended for the UMak in the aggregate amount of Five Hundred Forty Seven Million Four Hundred Twenty Thousand and Four Hundred Ninety-Nine Pesos (PhP 547,420,499.00), and diverted the same to Philippine Healthcare Educators, Inc. (PHEI), a private company allegedly owned by the aforesaid public and private individuals.

"Considering the fact that the subject nefarious scheme involved more than half a billion pesos diverted to private corporations, PHEI and Systems Technology Institute, Inc., I would like to respectfully request the Honorable SEC and PSE to look into and/or investigate possible violations of the laws, rules and regulations, which may have been committed by the perpetrators in the course of the operation of their dubious scheme," Vice Presidential candidate Trillanes added in the letter.

Trillanes requested said agencies to look into the propriety of allowing the individuals involved in the dubious scheme to continue serving as officers and directors of private and publicly listed companies considering the fact that they are facing charges serious charges involving plunder, malversation of public funds, graft and corruption, among others.

Trillanes likewise requested the AMLC and BIR to conduct financial investigation of the individuals and corporations involved to determine if there were violations of the Anti-Money Laundering Act and the National Internal Revenue Code committed in course of the alleged diversion of public funds from UMak.

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