Former Pagcor Chair Efraim Genuino has been convicted of graft by the Sandiganbayan over the alleged misuse of over P37 million worth of funds for the development of swimmers for the 2012 Olympics in London. | dempseyreyesINQ /PDI
The court found Genuino and Francisco responsible for the release of funds to Pasa after they “actively and indispensably participated” in the disbursement of funds.
The court cited the law, which created the PSC which mandates Pagcor to remit 5 percent of its gross income to the sports commission, which forms part to the National Sports Development Fund . “In this case, the court finds that through their acts of directly remitting a portion of the PSC’s share in Pagcor’s income to Pasa, accused Genuino and Francisco gave unwarranted benefits to Pasa,” the Sandiganbayan pointed out.
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