Trillanes says VP Binay involved in new Pag-Ibig fund anomalies

By , on January 6, 2015


Sen. Antonio Trillanes IV. Photo courtesy of Trillanes' Facebook page.
Sen. Antonio Trillanes IV. Photo courtesy of Trillanes’ Facebook page.

MANILA, Philippines – Senator Antonio Trillanes IV said on Monday that Vice President Jejomar Binay is being investigated by “concerned government agencies” in his capacity as chairperson of the Housing and Urban Development Coordinating Council (HUDCC), for purported anomalies involving Pag-Ibig funds.

“…Meron din kasing mga anomalyang nadi-discover dito sa position nya bilang chairman ng HUDCC na merong mga binigyan sya na mga kaibigan na mga contractors…tapos meron silang mga arrangements with Pag-Ibig (…There are also anomalies that have been discovered in his position as chairman of the HUDCC that he gave to his contractor friends …that they have certain arrangements with Pag-Ibig.),” Trillanes told reporters via a phone interview.

“Ang impormasyon dyan ay yung mga mass housing projects ay binibigay nya sa mga favored contractors na meron nang arrangement with Pag-ibig so ano ito bagong anomalya ito (Information has it the he (Binay) gave the mass housing projects to his favored contractors who had arrangements with Pag-Ibig so this is a new anomaly.),” he added.

The senator said that his sources have indicated that the Vice President reportedly formed a “partnership” with his favored contractors, in order to be a part of the profit-sharing, and not only receive commissions from the projects awarded the contractors.

“Kung magkano yung kita, hati-hati sila. Iba kasi ’pag komisyon. ’Pag komisyon, you get a percentage which is less than half pero ’pag partnership or kung at worse dummy lang e you get the bulk of the profits (However much their profit was, they would split it. A commission is different. On a commission basis, you get a percentage which is less than half. But if it is a partenership, or if it is at worse fronted by a dummy, you get the bulk of the profits.),” he explained.

Trillanes declined to pinpoint which government agencies are probing the alleged new anomalies, but said that the investigators of these agencies are in possession of a roster of these favored contractors who are allegedly also used as dummies for various projects.
He likewise declined to give a figure, when asked how much Binay allegedly received from the anomalous transactions.

“Tinitingnan pa natin kasi Pag-Ibig funds ang involved dito e (We are still looking into it, because Pag-Ibig funds are involved in this.), he said”