The questionable P3.2-billion PAGCOR deal has stirred House Speaker Pantaleon Alvarez to hold out on death penalty for plunder.
In view of the anomalous deal between the Philippine Amusement and Gaming Corporation (PAGCOR) and the Vanderwood Management Corp., House Speaker Pantaleon Alvarez said he is more determined to push for the retention of plunder as one of the heinous crimes punishable by death penalty. Said comment was made after a Committee on Good Government and Public Accountability hearing, which tackled the P3.2 billion, 15-year lease agreement.
The Speaker wants to hold accountable officials involved in the deal, including former PAGCOR Chairman Cristino Naguiat and past Government Corporate Counsel Raoul Creencia. He also moved that officials of Oceanville Hotel and Spa Corporation and Manila Mayor Joseph Estrada be invited in succeeding hearings to shed light on the anomalous agreement, which he described as “highly disadvantageous” to the government.
Source: House of Representatives