Wednesday, August 7, 2013

Pichay, Esperon were officials of Napoles firms, document filed with SEC show

Source: GMA News
Prospero Pichay
Prospero Pichay
Former Surigao del Sur Rep. Prospero Pichay and former Armed Forces of the Philippines chief of staff Hermogenes Esperon Jr. were stockholders and officials of Janet Napoles-led corporations, GMA News’ “24 Oras” newscast reported on Friday.
According to documents submitted to the Securities and Exchange Commission and culled by GMA News Research, Pichay was president and stockholder of Asia Prime Energy Development and Supply Corporation incorporated by Jaime Napoles (Janet’s husband), who was also the company’s chairman of the board.
Hermogenes Esperon
Hermogenes Esperon
Businesswoman Janet Lim-Napoles was implicated in the alleged P10 billion pork barrel scam that ran for about 10 years. Lawmakers’ Priority Development Assistance Fund (PDAF) was allegedly funneled to JLN Corp., owned by Napoles, and then distributed the money to bogus nongovernment organizations.
Pichay was also an incorporator of Sur Mine Corporation together with Jaime Napoles.
The former congressman did not deny his connection with the Napoles’ noting that he has known the family even before he entered politics.
“Malaki ang coal mine nila sa Indonesia… I am just surprised that they have been linked to the PDAF scam dahil nine years naman akong congressman but never na lumapit sa amin ‘yan na may mga NGO siya,” Pichay said as quoted in the television report aired at GMA’s “24 Oras” on Friday.
Janet Lim Napoles
Janet Lim Napoles
In 2011, Pichay was dismissed as chairman of the Local Water Utilities Administration and barred from holding any government post after the Office of the Ombudsman found that he committed grave misconduct when LWUA acquire a troubled bank for P800 million.
Meanwhile, Esperon revealed that in 2011 he was elected as president and CEO of Asia Star Power Resources Corp., another Napoles-led company. Esperon served as AFP chief of staff from 2006 to 2008. President Gloria Macapagal-Arroyo appointed him.
“It was a legitimate business to trade coal from Indonesia… I resigned from the company sometime in July 2011 when I sensed that the principal financiers would not take necessary risks and would not come out with the required capital and operating funds,” Esperon said. — Rouchelle Dinglasan/ELR, GMA News

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