Several officials of the state-run Development Bank of the Philippines (DBP) are facing a plunder complaint before the Office of the Ombudsman in connection with a P292.985 million deal for the purchase of a core banking system.
Named respondents were DBP President Gil Buenaventura, Chief Legal Counsel Fritzie Tangkia-Fabricante, Branch Banking Sector Head Anthony Robles, Operations Sector Head Dennis Decena, and Information Technology Department Head Nilo Cruz.
“All respondents, by virtue of their position as Senior Officers of the DBP, had full knowledge of the issuance of the DBP Board Resolution merging the LBP and DBP and that, in view of the merger, there is no need for the procurement of a Core Banking Solutions for DBP since LBP has its own Core Banking Solutions,” the complaint of the Association of DBP Career Officials (ADCO) said.
LBP is the state-run Land Bank of the Philippines.
The complaint was filed by career officials of the DBP, namely: Francis Romulo Badilla Jr., Mario Pagaragan Jr., Debbie Anza, Christian Joseph Presa, and Felipe Roque Jr.
According to the complaint, the DBP Board of Directors wherein Buenaventura was Vice-Chairman, issued a resolution on March 25, 2015 for the LBP-DBP merger.
Buenaventura, they complaint further said, entered into a deal worth P292,985,000 on June 4, 2015 with the joint venture of Kaisa Consulting Company and Polaris Consulting and Service Limited upon the recommendation of Fabricante, Robles, Decena, and Cruz.
“The Commission on Audit conducted an Audit of the herein Integrated Core Banking Solution and COA found out that the Procurement was overpriced and tainted with irregularities and violations of Government Procurement Law. The DBP made the technical specification to favor Polaris Consulting and Services Limited and disqualified all other bidders. It was also found out that the Contract was overpriced,” the complaint added.
“By reason thereof, public funds in the amount of P292,985,000 were illegally disbursed, misappropriated, misused, fraudulently conveyed, criminally disposed and wasted by Respondents and for which Respondents Buenaventura, Fabricante, Decena, Cruz and Robles should be held liable for the crime of Plunder and Penalized with Reclusion Perpetua to Death,” it alleged.
In May last year, ADCO filed a graft complaint before the Ombudsman over the allegedly
questionable sale of the bank’s government security holdings worth P14.3 billion.
The government allegedly suffered P717.07 million in actual losses because of the sale, it said.
Named respondents were Board Chairman Jose Nuñez Jr.; Board Vice-Chairman Gil Buenaventura; Board Directors Jose Luis Vera, Cecilio Lorenzo, Alberto Aldaba Lim, Lydia Echauz, Reynaldo Geronimo, Vaughn Montes, Daniel Laogan; EVP Fe Susan Prado; SVP Fritzie Tangkia-Fabricante; SVP Treasurer and Group Head Mariquita Agena; SAVP Head Rustum Corpuz of the Department of Asset and Liability Management; and SAVP Head Francis Delos Reyes of the Local Bond Trading Unit.
In the following July, complainants Badilla and Pagaragan filed a plunder complaint before the Ombudsman against their senior officials in connection with P312.07 million additional incentives as performance bonus allegedly granted without President Benigno Aquino 3rd’s approval.
Among the respondents were DBP President Gil Buenaventura, Chairman of the DBP Board of Directors Jose Nuñez Jr. and board members Reynaldo Geronimo, Daniel Laogan, Lydia Echauz, Alberto Lim, Raul Serrano, Vaughn Montes and Cecilio Lorenzo.
Likewise named respondents were members of the management committee: Fritzie Tangkia-Fabricante, Donna Shotwell, Ma. Teresa Jesudason, Ma. Teresa Atienza, Benel Lagua, Anthony Robles, Perla Melanie Caraan, Rafael Danilo Ranil Reynante, Cris Cabalatungan, Susan Prado, Alexander Patricio, Dennis Decena, Marietta Fondevilla and Isidro Sobrecarey.
Also included were GCG (Governance Commission for Government-Owned and Controlled Corporations) officials Cesar Villanueva, Ma. Angela Ignacio, Rainier Butalid, and Paolo Salvosa.