Senator Roxas: Celso de los Angeles has yet to present waiver on bank accounts

Senator Mar Roxas said yesterday that Albay town mayor Celso de los Angeles, owner of Legacy Consolidated Plans, Inc., has yet to issue the waiver on the confidentiality of his private bank accounts as he promised at the Senate hearing last Monday.

Roxas said De los Angeles also has not submitted yet an official copy of his Statement of Assets and Liabilities as a public official, which he promised to provide during the February 20 hearing by the Senate committee on trade and commerce.

The waiver would allow senators to examine De los Angeles’ bank accounts and determine the veracity of allegations that Legacy funds were diverted for his personal use.
"Is this another empty promise? Where is the waiver? Has he changed his mind? Or perhaps he is buying time to again trying to falsify bank documents?" said Roxas.
He said the Senate can’t dip its hands in the Legacy owner’s accounts without the waiver - a requirement under the Bank Secrecy Act.

The senator challenged De los Angeles during the March 9 public hearing to waive all his rights under the Bank Secrecy Act.

This, after De los Angeles made a blanket denial of the allegations and even said he would open his active personal accounts at the Philippine Rural Bank and the Philippine Countryside Bank as well as his closed account at Metrobank Bicol.

Legacy group’s former chief finance officer Namnama Pasete-Santos had testified during the public hearing that P38 million in company’s funds were given to De los Angeles supposedly to bankroll his mayoralty bid in Sto. Domingo, Albay, during the 2007 general elections. Another P30 million was also paid out in 2006 and a total of P22 million in 2008.

In the Senate inquiry, Legacy chairman and president Carolina Hiñola also said that P25 million was paid to De los Angeles by Legacy for the purchase of the Punta Engano property in Lapu-Lapu City in Cebu.
"It’s important for us to review the movement of money in and out of his accounts, because what’s involved here is the money that his plan holders and depositors entrusted to him," Roxas said as he assured that he will not let Celso go "until we exact justice for your victims."

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