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.
