Tuesday, November 27, 2007

No politics in JDV and landoil review.

The Presidential Commission on Good Government on Tuesday assured that no politics is involved in the decision to review the behest loan case against Speaker Jose de Venecia and Landoil Resources Corp.

PCGG Chairman Camilo Sabio said the Landoil case was referred to the Office of the Solicitor General for action since records showed that de Venecia and Landoil had failed to comply with the compromise agreement they entered into with the government in July 1988.

In July 1987, PCGG filed a civil case against de Venecia and Landoil for a multi-million dollar behest loan during the administration of late strongman Ferdinand Marcos.

The commission said between 2001 and 2002, it discovered that Landoil reneged on the terms of the settlement.

It was not clear though why the case was not immediately referred to the OSG but records showed that demand letters were sent to Landoil.

Sabio said prior to the filing of the letter to the OSG, dated Nov. 22, 2007, the PCGG received several notices from groups of people saying that de Venecia has an outstanding case regarding Landoil.
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Philippine Politics

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