Duterte to pursue syndicated estafa cases vs. MVP & Ayala

Duterte to pursue syndicated estafa cases vs. MVP & Ayala

President Rodrigo Roa Duterte in making sure he can back up his statements regarding the two giant water concessionaires said he will pursue the filing of syndicated estafa charges against the owners of water firms over the alleged onerous provisions found in the water concession agreements they entered with the Philippine government.

Pag sinabi ni Presidente, tutuluyan niya iyan (When the President says something, he will really do it),” Presidential Spokesperson and Presidential Legal Counsel Atty. Salvador Panelo said in a press briefing in Malacanang

Earlier this week the President in one of his speaking engagement again warned Manuel Pangilinan of Maynilad and Jaime Zobel de Ayala of Manila Water that syndicated estafa charges “have no bail” and that he was determined to see them in jail.
(photo credit to owner)

“Remember that the President is the chief enforcer of laws, and that is his duty. He would be reneging from his duty if he does not do that,” Panelo said.
Panelo said the government has enough evidence to file syndicated estafa charges against Ayala and Pangilinan.
“The very evidence nga iyong kontrata mismo eh (is the contract itself). ‘Di ba sinasabi niya (Didn’t he say), it mirrors the provisions of the anti-graft. Lahat ng mga ginawa nila labag sa anti-graft (Everything they did violates the anti-graft law),” Panelo said.

In his speech in North Cotabato, Duterte said he would not hesitate to have billionaires detained over syndicated estafa or plunder raps.
“I will arrest all of you for syndicated estafa or plunder,” Duterte said.
“Arestuhin ko talaga kayo. Maniwala kayo. Gusto kong bilyonaryo makita sa kulungan (I will really have you arrested. Believe it. I want to see billionaires in jail),” he added.
The Chief Executive also said he will also ask the military to take over water operations.

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Report from PNA

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