Sandigan upholds junking of graft raps vs Ongpin


The Sandiganbayan’s Special Third Division has ruled with finality in dismissing the graft complaints filed against Roberto Ongpin and former high-ranking officials of the Development Bank of the Philippines (DBP) in connection with the grant of P660-million behest loans.

In a resolution penned by Associate Justice Samuel Martires, the anti-graft court denied the motion for reconsideration filed by the prosecution for the reversal of the ruling that dismissed the case last year. The court noted that prosecutors failed to present substantial arguments that would warrant a reversal of the May 28, 2014 ruling.

Last year, the ruled that there was no sufficient evidence to show that Ongpin, as general manager of Deltaventures Resources Inc. (DVRI), conspired with DBP officials in securing the P660 million behest loans broken down to P150 million in April 2009 and P510 million in November 2009.

“Nowhere in the entirety of the BSP Report have we encountered a declaration or suggestion that the loans granted by DBP to DVRI were fraught with irregularity or violation of any existing loan regulation or circular issued by either BSP or DBP,” the anti-graft court said.

The court also absolved Ongpin’s co-accused – former DBP President Reynaldo David, Board of Directors Head Patricia Sto. Tomas, board members Alexander Magno, Floro Oliveros, Miguel Romero, Franklin Velarde, Renato Velasco, Ramon Durano 4th, Joseph Pangilinan, Chief Operating Officer Edgardo Garcia, Marketing Sector Head Armando Samia, Senior Executive Vice President Rolando Geronimo, Executive Vice President/Branch Banking Sector Head Jesus Guevarra 2nd, Executive Vice President/Finance Sector Head Benedicto Bitonio Jr., Senior Vice President/BBS Marketing Head Crescencia Bundoc, Senior Assistant Vice President Perla Soleta, Vice President and Regional Marketing Center Head Teresita Tolentino, BBS Manager Arturo Baliton and RMC Assistant Managers Rodolfo Cerezo and Warren de Guzman.


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