MPD serves warrant of arrest to ex-DFA Sec Yasay

Maris Federez   •   August 22, 2019   •   997

The Manila Police District (MPD) Warrant and Subpoena Service-Criminal Investigation and Detection Group (WSS-CIDU) on Thursday afternoon served a warrant of arrest to former Secretary of Foreign Affairs Perfecto Yasay Jr at his home in Makati City.

According to a statement issued by the MPD, representative from the Bangko Sentral ng Pilipinas (BSP), Atty. Jonn Irvin Velasques appeared at their office and requested for police assistance to implement the warrant of arrest against Yasay.

The statement added that after proper coordination with the concerned police district, the team together, with Atty. Velasques proceeded to Yasay’s residence and served him the order of arrest dated March 8, 2019, issued by Judge Danilo Leyva of Manila RTC Br. 10.

The arrest warrant is for the former DFA official’s several violations of the provisions of Republic Act 8791 otherwise known as the General Banking Law, and Republic Act 7653 otherwise known as the New Central Bank Act.

Based on the information of the case, Yasay, together with five associates of the Banco Filipino Savings and Mortgages Bank conspired and aided each other in securing a loan amounting to 350-million pesos for Tierrasud Incorporated which was partly guaranteed and secured by Tropical Land Corporation.

Yasay and company allegedly failed to report such loan accommodation to the BSP.

Yasay was initially brought to the MPD for documentation and set to be transferred to CDS while awaiting commitment order from the court of origin.

On his Facebook account, Yasay denied the allegation, pointing out that he joined Banco Filipino in 2009, while the alleged crime was committed from 2003 to 2006.

He also stressed that he will not post bail until he is brought before the judge where he said he will question such act which he described as “an abuse of process” and a mockery to the justice system.

He also posted a picture of him taken by his wife while being processed for a mugshot.

Yasay served as Secretary of Foreign Affairs of the Philippines in an ad interim basis from June 30, 2016 until March 8, 2017. (with details from Lea Ylagan) /mbmf

BSP warns public vs unauthorized Instagram account

Robie de Guzman   •   January 10, 2020

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Friday warned the public against an unauthorized account, bearing central bank’s name and logo, on the photo-sharing app Instagram.

In an advisory, the BSP said the account “bangko_sentral_lottery” is confirmed to be a scam and is not associated with the central bank.

It advises the public not to share any personal information or transact through the said account.  

“The account, which uses the BSP’s name and logo, is not associated with the BSP and the central bank has made the necessary representation for Instagram to take down said unauthorized account,” it said.

The BSP has existing and verified accounts on Instagram, Facebook and Twitter.

P20 coins now ready for 2020 — BSP

Marje Pelayo   •   December 31, 2019

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has announced that P20 coins are ready for circulation come January 1, 2020.

The newest addition in the BSP’s coin series may now be used as legal tender along with the P20 paper bill.

The BSP earlier said the production of coins are more cost-efficient since it can be in circulation for a longer period of time unlike the P20 paper bill which is prone to damage being the most used denomination.

Mayor Isko orders raid of ‘Recto University’

Marje Pelayo   •   December 18, 2019

MANILA, Philippines – The Manila Police District (MPD) Special Mayor’s Reaction Team raided the Recto area where fake documents are being produced.

The area, known as ‘Recto University,’ was popular for its open business of forging fake government documents and identification cards.

Authorities ransacked all stalls even those that were closed at the moment of the raid.

They searched the entire area even the residential houses near stalls alleged as operating such illegal business.

The operation is in line with the directive of Manila Mayor Isko Domagoso to track the offenders of the law across the city, especially after the Mayor found out that even the city government’s official receipt is being faked.

Several machines use to replicate school diplomas, birth certificates, transcript of records, driver’s license, firearms license, marriage certificates and NBI clearance among others.

Operatives also seized piles of printed fake documents during the search.

Domagoso expressed dismay over the incident and to the barangay officials who were supposed to manage the Recto area.

“Sa susunod na may gumawa ng fake ID, fake na diploma, lahat ng uri ng fake na imprenta sa baranggay mo, kasama ka na sa kaso (The next time somebody in your area of responsibility produces fake ID, fake diploma, all kinds of fake documents, you will be involved in the charges),” the city Mayor warned barangay officials.

Domagoso further expressed anger towards members of Manila Police who act as protectors of printing shops producing fake documents along Recto Avenue.

“Dinoble na ng pangulo ng bansa ang sweldo nyo. May mga allowance pa kayo sa siyudad. Ibinibigay kung ano ang dapat sa inyo (The President already doubled your salary. You also receive allowances from the city government. You are even provided of what you deserve),” Domagoso said.

The Mayor warns rogue policemen to rectify their actions, otherwise, suffer the consequences.

“Kapag hindi kayo tumigil , ang susunod kung i-re-raid ang presinto (If you don’t shape up, I will raid police stations next),” Mayor Isko said.

“Poposasan ko kayo sa mata ng publiko na kung saan ikahihiya ninyo habang buhay. Kahit pamilya ninyo (I will put handcuffs on you and I will embarrass you which you will remember for the rest of your life. Even by your family) you will be disowned,” he added.

The city mayor is determined to curb the illegal operations of the so-called ‘Recto University’ in Manila.

In November, six persons were arrested in an entrapment operation by MPD-SMART on the act of producing fake ID cards of persons with disability (PWD) and senior citizens. – MNP (with details from Bernard Dadis)


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