The Sandiganbayan junks the appeal of top officials of GOCCs Technology Resource Center, the National Agribusiness Corporation, and the National Livelihood Development Corporation
This is AI generated summarization, which may have errors. For context, always refer to the full article.
“After due consideration of the arguments raised by the accused movants and the prosecution, as well as the assiduous review of the records, the Court finds no compelling reason to reverse their respective convictions,” the Sandiganbayan Third Division said in the resolution penned by Associate Justice Ronald Moreno.The officials involved in the case were executives of Technology Resource Center , the National Agribusiness Corporation , and the National Livelihood Development Corporation .
In NLDC, those who were found guilty of multiple counts of graft and malversation were former president Gondelina Amata, assets management group director Emmanuel Alexis Sevidal, finance and administrative Group director Chita Jalandoni, asset management division chief Gregoria Buenaventura, chief budget specialist Ofelia Ordoñez, and former chief financial analyst Sofia Cruz.
The GOCC officials were decided guilty after the court said they ignored legal infirmities in the memoranda of agreement they entered with the NGOs. The so-called NGOs had fake office addresses and overlapping series of numbers in official receipts, and they did not submit financial statements. Alberto, Cunanan, Amata, Buenaventura, and Munsod argued in separate MRs that there was insufficient evidence to support the allegation of conspiracy among all of them.
Buenaventura claimed that she merely collated documents submitted by NGOs and compared them with available records from the Securities and Exchange Commission. She protested her conviction, insisting she never had custody or controlled any public funds.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metro Pacific Investments Corporation sells 50% interest in Philippine Coastal Storage and Pipeline CorporationOctober 2024, Manila, Philippines – Leading Philippine infrastructure firm Metro Pacific Investments Corporation (MPIC) has entered into a definitive agreement to sell its 50% stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) to an affiliate of global infrastructure investor I Squared Capital (ISQ).
Read more »
GOCC subsidies down in Sept. from a year agoSUBSIDIES to government-owned and -controlled corporations (GOCCs) totaled P18.22 billion in September, more than double compared to the P9.1 billion in August, but down by 14.3 percent from P21.26 billion in the same period last year, according to data from the Bureau of the Treasury.
Read more »
Lenovo taps MEC Networks Corporation as new software distributor for the PhilippinesLenovo Philippines has strengthened its local software distribution network through a new partnership with MEC Networks Corporation, officially appointing
Read more »
– Calatagan South Beach: Landco Pacific Corporation’s iconic beachfront condotelAn architectural landmark that features hotel amenities, rental income opportunities and access to CaSoBe’s hospitality and leisure attractions The Nautilus, Landco Pacific Corporation’s newly-launched 10-storey condotel at the 15-hectare Landco BeachTowns, CaSoBe, draws its inspiration from the famous submarine, Nautilus, featured in Jules...
Read more »
REURASIA Management Corporation to ramp up biomass pellet production to combat carbon emissions by 2027THE Luzon-based waste-to-energy solutions provider, REURASIA Management Corporation, plans to scale up its biomass pellet production from agricultural waste by 2027, through its Berde Kaway and Busuanga Island Renewable Energy Development (BRED), which is expected to provide industries with a way to lower carbon emissions and earn carbon credits...
Read more »
Arthaland Corporation proudly participates in Manila Bulletin Sustainability Forum 2024Arthaland will grace the third Manila Bulletin Sustainability Forum to inspire future leaders of the country with their sustainability efforts in achieving their net-zero commitment.
Read more »