{"id":78821,"date":"2016-07-20T07:32:11","date_gmt":"2016-07-20T11:32:11","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=78821"},"modified":"2025-01-29T13:32:19","modified_gmt":"2025-01-29T18:32:19","slug":"sandiganbayan-issues-hdo-vs-gatchalians-pichay","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/07\/20\/sandiganbayan-issues-hdo-vs-gatchalians-pichay\/","title":{"rendered":"Sandiganbayan issues HDO vs Gatchalians,\u2019 Pichay"},"content":{"rendered":"
\"The<\/a>
The Sandiganbayan Centennial Building along Commonwealth Ave. in Quezon City. (Photo by Gil Calinga\/PNA)<\/figcaption><\/figure>\n

MANILA \u2013 The anti-graft court on Wednesday issued hold departure order (HDO) against Senator Sherwin Gatchalian, former Surigao del Sur Rep. Prospero Pichay and 24 other individuals in connection with the alleged anomalous bank acquisition deal in 2009.<\/p>\n

The HDO dated July 18 was released by the Fourth Division of Sandiganbayan, barring Gatchalian and Pichay from leaving the country except when there is a prior approval from the court.<\/p>\n

\u201cConsidering the filing of the subject cases against accused\u2026 the Bureau of Immigration (BI) is hereby directed to BAR\/PROHIBIT the above-named accused from leaving the Philippines for any destination abroad, either by air or sea transportation, except by prior written permission duly secured from and granted by this Court,\u201d the HDO read.<\/p>\n

The HDO was issued in connection with the criminal cases filed by the Office of the Ombudsman last week, which stemmed from the alleged anomalous acquisition by the Local Water Utilities Administration (LWUA) of a thrift bank owned by the Gatchalian family in the amount of Php 80 million.<\/p>\n

Also included in the HDO are Gathchalian\u2019s parents Dee Hua Gatchalian and William Gatchalian and brothers Valenzuela Representative Wes Gatchalian and Kenneth Gatchalian.<\/p>\n

Members of the Gatchalian family are facing cases of graft, malversation of public funds and violation of the Manual of Regulation for Banks (MORB).<\/p>\n

They are identified in the charge sheets as corporate executives of the WELLEX Group Inc. (WGI) allegedly involved in the supposed anomalous bank acquisition deal.Sherwin had already posted Php90,000 bail for the cases on Friday last week.<\/p>\n

Dee Hua, William, Wes and Kenneth, also each posted Php90,000 bail on Wednesday morning.<\/p>\n

Pichay, who is the primary accused in the cases, has yet to post bail as of posting. He is facing three counts of graft, three counts of malversation, one count of violation of Republic Act 8791, or General Banking Law of 2000 and one count of violation of the Manual of Regulation for Banks (MORB).<\/p>\n

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<\/p>\n

The other respondents who are included in the HDO are the following:<\/p>\n

Former LWUA officials Eduardo Bangayan; Aurelio Puentevella; Enrique Senen Montilla III; Wilfredo Feleo Jr.; Daniel Landingin and Arnaldo Espinas.<\/p>\n

WELLEX Group Inc. (WGI) corporate executive Yolanda Dela Cruz; Forum Pacific Inc. (FPI) executives Elvira Ting; Peter Salud; Geronimo Velasco, Jr.; Rogelio Garcia, Lamberto Mercado, Jr.; Evelyn dela Rosa,; Arthur Ponsaran and Joaquin Obieta.<\/p>\n

Express Savings Bank Inc. (ESBI) executives George Chua; Gregorio Ipong; Generoso Tulagan; Wilfred Billena and Edita Bueno<\/p>\n

Filed by the Office of the Ombudsman last week, the cases stemmed from the alleged anomalous acquisition by LWUA under then chairman Pichay of Express Savings Bank Inc. (ESBI) in 2009 in the amount of Php80.003 million.<\/p>\n

The ESBI is a local thrift bank based in Laguna jointly owned by the FPI and the Gatchalians\u2019 WGI.<\/p>\n

The Ombudsman said LWUA purchased ESBI\u2019s majority shares without the necessary approval of the Monetary Board (MB) of the Bangko Sentral ng Pilipinas, Department of Finance and the Office of the President.<\/p>\n

The Ombudsman further said that LWUA acquired ESBI despite findings by an independent audit firm showing that the bank was suffering from financial losses and capital deficits for five straight years from 2005 to 2009.<\/p>\n

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<\/p>\n

Instead of cancelling the acquisition deal, the Ombudsman said Pichay and the other members of the Board approved the transfer of almost Php700 million of LWUA funds to ESBI supposedly to increase the bank\u2019s authorized capital stock.<\/p>\n

The Ombudsman said the majority shares purchased by LWUA are now deemed \u201cworthless\u201d as the BSP\u2019s Monetary Board has already placed the ESBI under \u201creceivership\u201d status due to its inability to pay its liabilities and to operate without incurring losses.<\/p>\n

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<\/p>\n

Pichay and Sherwin Gatchalian have earlier dismissed the charges as \u201cbaseless\u201d and \u201cpolitically motivated,\u201d maintaining the acquisition deal was above board.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 The anti-graft court on Wednesday issued hold departure order (HDO) against Senator Sherwin Gatchalian, former Surigao del Sur …<\/p>\n","protected":false},"author":33,"featured_media":17332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[11650,11651,1594],"class_list":["post-78821","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-gatchalian","tag-pichay","tag-sandiganbayan","mauthors-sammy-martin","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/78821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=78821"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/78821\/revisions"}],"predecessor-version":[{"id":286791,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/78821\/revisions\/286791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/17332"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=78821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=78821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=78821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}