Graft charges filed vs nine people linked to release of P1.2-M loan to ghost employees

September 6, 2010 11:33 am 

MANILA, Sept. 5 –Nine people linked to the release of some P1.24-million Quedan and Rural Credit Guarantee Corp. (Quedancor) loan to at least 28 ghost employees of a school in Las Pinas four years ago were charged with graft and Estafa through falsification of public documents.

Charged were Quedancor's operations officer Ray Joven; district accountant Analyn Hobayan; and Manila district supervisor Joel Sibal Gagelonia.

Also charged were private individuals Reynaldo Yumol, owner of RDY Moneylink Corp.; Garry Constantino; Digna Diaz Yumol Calison; Arsenia Diaz Yumol; Numeriano Yumol; and Carlo Francisco.

Graft Investigation and Prosecution Officer II Randolph Nicolas of the Office of the Ombudsman recommended a total bail bond worth P60,000 for the temporary liberty of the accused for violations of Republic Act 3019, the Anti-Graft and Corrupt Practices Act and falsification of documents.

The Quedancor and RDY Moneylink officials allegedly defrauded Quedancor of P1.239 million loan by releasing such amount to fictitious employees of Westfield Science Oriented School in Las Pinas on April 25, 2006.

Based on the 12-page resolution of Nicolas, the involved Quedancor officials had recommended the approval of loan applications of RDY Moneylink for 28 checks dated April 25, 2006.

The 28 checks, that were drawn from Land Bank of the Philippines, Taft Avenue Branch, were supposed to go to 28 employees of Westfield Science Oriented School, BF Resort Village, Las Piñas, according to Nicolas.

But soon Quedancor declared that they had lost some P1.239 million, representing the principal loan, including the total value of the 28 checks and financial charges such as service fees worth P37,170; documentary stamps tax worth P6,195; insurance worth P11,894.40; and gross receipts tax worth P1,858.

The National Bureau of Investigation, which conducted the probe, had confirmed Quedancor's report and alleged that the 28 employees of Westfield and all documents for their loan applications were all fictitious.

The bureau also presented the sworn affidavit of Albert Abitria, Westfield Science Oriented School president, denying the 28 names of the employees from the school received the Quedancor checks of more than P1 million.

“He (Abitria) categorically confirmed that those 28 applicants are neither employees of Westfield nor their names appeared in the school payrolls from years 2005 to 2009 or Social Security System R-3 forms,” Nicolas said

“As such, base on the established facts, Quedancor was defrauded in the amount of P1,239,000 because the public and private respondents conspired with one another to produce and prepare all the spurious documents for the 28 fictitious loan applicants,” he said. (PNA) RMA/JES


Comments are closed.