The Sandiganbayan has found former officials of the Government Service Insurance System (GSIS) guilty of two counts of graft over the anomalous grant of hundreds of millions of pesos worth of housing loans to unqualified persons.
The Sandiganbayan has found former officials of the Government Service Insurance System guilty of two counts of graft over the anomalous grant of hundreds of millions of pesos worth of housing loans to unqualified persons.
“From the evidence adduced by the prosecution, the court finds a clear indication that there is a unity of action and purpose among the accused to perpetrate the acts complained of,” the Sandiganbayan said. “From the unrebutted testimonies of these two witnesses alone, what can be interpreted is, despite the non-filing of an application for housing loan by Nagano and the obvious disqualification of witness Sandoval to avail the loan, witnesses Nagano and Sandoval have approved loan applications with the GSIS Tarlac Field Office. Who then made this possible, if not accused Cabalitasan as reviewing and approving official and Balagtas as credit investigator,” the Sandiganbayan said.
granting of a bigger amount of loan to two mortgagors due to failure to properly include other loan amortizations in determining the net take-home pay. In addition, the anti-graft court called out GSIS official Balagtas for having “exerted extra effort to make a good evil plan.” “The court cannot see any justifiable reason why a government employee would meet teachers from outside the territorial jurisdiction of their office and lure them to apply for a loan. And why is he in the company of employees of JQG Homes Development, Inc., the same corporation which was doing business with the government agency that he is connected with,” the anti-graft court said?
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