Plunder charges filed against Genuino

The Philippine Amusement and Gaming Corp. on Monday filed plunder charges against its former chairman, Efraim Genuino, his son Erwin, daughter Sheryl and 38 other personalities before the Department of Justice.

Cristino Naguiat Jr., current Pagcor chairman, said the respondents allegedly conspired with each other in “siphoning off” about P186 million in Pagcor funds from 2003 to 2010 to Batang Iwas Droga (BIDA) Foundation, which subsequently ran in the 2010 elections as a partylist group.

“Clearly, there was a conflict of interest with how former Pagcor officials disbursed the funds to a group which later registered as a partylist group,” Naguiat told reporters before filing the complaint. Among the evidence that Pagcor presented were several checks given to BIDA.

Naguiat said Pagcor shouldered the cost of advertisements amounting to over P63 million to promote BIDA from 2008 until the elections last year.

The complaint said that Pagcor paid P14.42 million for BIDA pins, BIDA ID cards, tarpaulins and other collaterals to BIDA Production. These materials were mostly used for the BIDA caravan.

Read more at Philippine Daily Inquirer

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