DFA secretary Perfecto Yasay Jr. is accused of violating Republic Acts 8791 and 7653, the General Banking Law and the New Central Bank Act, for his alleged involvement in an anomalous loan issued by the defunct Banco Filipino Savings and Mortgages Bank.
Philstar.com, file
Ex-Foreign Affairs chief Yasay posts bail
(Philstar.com) - August 23, 2019 - 2:07pm

MANILA, Philippines — A Manila court has granted former Foreign Affairs chief Perfecto Yasay plea for provisional liberty, a day after he was arrested for alleged violation of banking laws.

News5 reported that Yasay on Friday paid a cash bond of P240,000 for the four counts of alleged violation of bank laws he is facing.

Manila Regional Trial Court Branch 10 Judge Danilo Leyva ordered the arrest Yasay for charges on violation of Republic Acts 8791 and 7653, the General Banking Law and the New Central Bank Act.

The case stemmed from his alleged involvement in an anomalous loan issued by the defunct Banco Filipino Savings and Mortgages Bank.

The report said Yasay is due to return to the Manila Doctor’s Hospital for more tests. The former top diplomat was rushed to the hospital on Thursday night due to chest pains.

In a Facebook post Thursday, Yasay uploaded photos of himself in his detention area.

READ: Ex-DFA chief arrested

He also said that the case covers supposed violations from 2003 to 2006. He said he only joined the company in 2009.

On Friday morning, Yasay posted a photo of himself in a hospital saying that doctors ordered his confinement for a series of tests.

The court set arraignment on the case on September 20. — Kristine Joy Patag with reports from The STAR/Rey Galupo

BANCO FILIPINO SAVINGS AND MORTGAGE BANK PERFECTO YASAY
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