^

Ex-PNCC exec gets life term over P39.6 million

Elizabeth Marcelo (The Philippine Star) - December 1, 2020 - 12:00am

MANILA, Philippines — The Sandiganbayan has sentenced a former official of the government-owned Philippine National Construction Corp. (PNCC) to life in prison for failure to liquidate P39.62 million in cash advances from 2006 to 2010.

In a 34-page decision promulgated on Nov. 27, the anti-graft court’s Third Division found Segundo Gaston, former PNCC senior vice president, guilty of violating Article 218 of the Revised Penal Code.

Gaston was also ordered to pay a fine of P240,000 and to indemnify the PNCC of P39.62 million.

Filed by the Office of the Ombudsman in 2017, the cases stemmed from Gaston’s unliquidated cash advances from 2006 to 2010 supposedly for the processing of the PNCC’s application for extension of its franchise to operate the South Luzon Expressway, which expired on April 30, 2007.

PHILIPPINE NATIONAL CONSTRUCTION CORP.
Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with