Plunder raps filed vs. 2 HGC presidents

Plunder and graft charges were filed against Home Guarantee Corporation (HGC) President Manuel Sanchez and former President Gonzalo Benjamin Bongolan at the Office of the Ombudsman for alleged mismanagement of the agency’s finances causing losses amounting to P1.899 billion from 2009 to 2011.

Alan Paguia, former defense counsel of former president Joseph Estrada, lodged the criminal complaint. He accused the two government officials of causing huge financial losses in the agency and giving “concerned party-beneficiaries unwarranted benefits, advantage or preference through manifest partiality, evident bad faith or gross inexcusable negligence.”