Connect with us

News

Alvarez stands firm on death penalty for plunder amid anomalous PAGCOR deal

Published

on

Alvarez made the comment after the hearing of the House Committee on Good Government on the anomalous PHP3.2 billion lease agreement between the Philippine Amusement and Gaming Corp. (PAGCOR) and Vanderwood Management Corp.(Photo: PAGCOR/Facebook)

Alvarez made the comment after the hearing of the House Committee on Good Government on the anomalous PHP3.2 billion lease agreement between the Philippine Amusement and Gaming Corp. (PAGCOR) and Vanderwood Management Corp.(Photo: PAGCOR/Facebook)

MANILA –House Speaker Pantaleon Alvarez on Tuesday said he has more reason to retain plunder in the list of crimes punishable by capital punishment in the death penalty bill.

Alvarez made the comment after the hearing of the House Committee on Good Government on the anomalous PHP3.2 billion lease agreement between the Philippine Amusement and Gaming Corp. (PAGCOR) and Vanderwood Management Corp.

He tagged former Pagcor chairman Cristino Naguiat and members of the board as well as former Government Corporate Counsel Raoul Creencia who gave the go signal to the deal.

Alvarez urged the House panel led by Surigao Del Sur Rep. Jonny Pimentel to subpoena officials of the original lessee of the property Oceanville Hotel and Spa Corporation, namely Simon Paz, Cornelio Aldon and Mario Leabres.

Alvarez wants to find out why Oceanville sub-leased the property to Vanderwood for only PHP300,000 a month, the same amount it pays to the City of Manila which owns the property.

Alvarez said the committee will likewise summon former President and now Manila Mayor Joseph Estrada to provide them the opportunity to explain their side. Manila government owns the property Museo ng Maynila complex.

tamiflu for sale online in the best USA pharmacy allpurebh.com/wp-content/uploads/2025/10/html/tamiflu-for-sale.html no prescription with fast delivery drugstore

The Speaker also noted that Pagcor agreed to pay PHP13 million per month to Vanderwood, which pays Oceanville P300,000 a month lease for a property intended for casino use that is yet to be constructed at that time.

”You are making the government pay PHP13 million a month for a facility that is only leased for PHP300,000 a month from the government also. Aren’t you terrified by that?,” Alvarez told Naguiat during the hearing.

In response, Naguiat said they asked first the opinion of the Office of the Government Corporate Counsel (OGCC) before pushing through with the deal.

Creencia, in turn, said he gave PAGCOR the discretion to go ahead with the caveat that they should ensure there are no legal impediments against it.

Alvarez said Creencia must have taken pains to ensure that the deal complies with the requirement of the law that the “lessor must have absolute ownership of the property”.

In an interview after the hearing, Alvarez said he has requested the Good Government committee to look into the possibility for the panel to be the main complainant in filing charges against responsible officials before the Office of the Ombudsman.

Alvarez said COA has already issued a directive to halt the deal as it violates the procurement law and is highly disadvantageous to the government.

Current PAGCOR officials, headed by Chairman Andrea Domingo, would also likely be liable for plunder if they pushed through with the Vanderwood deal despite the COA disallowance, he noted.

rybelsus for sale online in the best USA pharmacy allpurebh.com/wp-content/uploads/2025/10/html/rybelsus-for-sale.html no prescription with fast delivery drugstore

Alvarez is also eyeing the possibility of putting the OGCC and the Presidential Commission on Good Government (PCGG) under the Office of the Solicitor General.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Headline2 weeks ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline3 weeks ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline1 month ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline2 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...

Headline3 months ago

Celebrating The Spirit Of Christmas

For many people, Christmas is the loneliest time of the year — it could be due to the fact that...

Headline3 months ago

Fun Facts About Christmas

It’s definitely beginning to look and smell a lot like Christmas! The beautiful thing about Christmas is that it’s mandatory...

Lifestyle3 months ago

How To Keep The Music Playing

You and your partner or spouse have been in a long-term relationship. Somehow, over the years, the fizz has fizzled...

Headline3 months ago

Declutter Your Life

There will be days when we feel like too much is going on around us — too much unnecessary noise...

Health4 months ago

A Healthy Mind Matters

Like the rest of the world, I was deeply saddened and shocked when I read that TikTok influencer, Emman Atienza...

Columns5 months ago

We Are The Circle We Choose

There is a famous Japanese proverb that rings so true in our lives: “When the character of a man is...