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Aug 22 19, 4:16 pm

135 passengers arrived in Boracay from Wuhan, China

Civil Aviation Authority of the Philippines (CAAP) on Thursday said 135 passengers entered the Philippines from Chinese cental city of Wuhan, the epicenter of the outbreak of 2019 novel coronavirus (2019-Ncov). The passengers entered the country through Royal Air...

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Ex-DFA chief Perfecto Yasay arrested for banking law violations

by | News

Aug. 22, 19 | 4:16 pm

Former Foreign Affairs Chief Perfecto Yasay was arrested by the Manila Police District (MPD) on Thursday afternoon following a court warrant, which was issued by a Manila Court.

The police said that Yasay’s arrest was ordered by Judge Danilo Leyva, presiding judge of Manila Regional Trial Court Branch 10.

Yasay is being accused of violating Republic Acts 8791 and 7653 or the General Banking Law.

The case said that Yasay was involved in an anomalous loan from Banco Filipino.

“As borne from the records of the case, sometime in between years of 2001 to 2009 accused together with 5 associates being the responsible officers of Banco Filipino Savings and Mortgages Bank conspiring and aiding each other directly part in securing from the Banco Filipino a loan/credit in accomodation in the amount of Three Hundred Fifty Millon Pesos (Php350,000,000.),” initial reports from the Philippine National Police said.

In a Facebook post, Yasay said he joined the bank only in 2019.

“To all my friends, allow me to inform you that I am now being arrested from my house by police officers of Manila on the basis of a warrant of arrest issued by the RTC of Manila Branch 10 for criminal charges that were alleged committed by officials of Banco Filipino from 2003 to 2006, clearly appearing on the face of the Information filed by the prosecutor, when in truth and in fact I joined the Bank only in 2009,” Yasay said.

He said he will not be posting bail.

“I am not posting bail until I am brought before the judge where I will question this abuse of process and travesty of justice,” Yasay added.

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135 passengers arrived in Boracay from Wuhan, China

135 passengers arrived in Boracay from Wuhan, China

Civil Aviation Authority of the Philippines (CAAP) on Thursday said 135 passengers entered the Philippines from Chinese cental city of Wuhan, the epicenter of the outbreak of 2019 novel coronavirus (2019-Ncov). The passengers entered the country through Royal Air...

Arab Women Sports Tournament 2020 to be held in Sharjah next month

Arab Women Sports Tournament 2020 to be held in Sharjah next month

Eighteen clubs from nine countries will compete for the fifth edition of the Arab Women Sports Tournament (AWST) 2020 this coming February 2 to 12 in Sharjah. They will be competing in two team sports, including basketball and volleyball. Starting February 3, the...

Phivolcs: Big Taal Volcano eruption still 30% possible

Phivolcs: Big Taal Volcano eruption still 30% possible

The Philippine Institute of Volcanology and Seismology (PHIVOLCS) said that there is still a 30 percent chance for Taal Volcano to have a hazardous explosion. PHIVOLCS director Renato Solidum said that experts have arrived with that figure after studying various...

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It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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