Sunday, December 9, 2012

House probes payola by Jap bizman to PAGCOR





By JUNE S. BLANCO 

QUEZON CITY. – The Lower House will investigate shortly the alleged US$30 million payola that a Japanese businessman had given to a PAGCOR consultant.

Introduced by Rep. Erico Aumentado (2nd District, Bohol), House Resolution 2931 states that the investigation, in aid of legislation, will probe the payola that Japanese billionaire Kazuo Okada’s Universal Entertainment to one Rodolfo Soriano in 2010 – for lobbying to secure tax and other government concessions for the Japanese firm.

The resolution said the sum is six times the amount initially confirmed by Reuters that Okada’s Hongkong-based firm Universal Entertainment had sent to Soriano in a series of payments made in the first half of 2010. Soriano is alleged to have close ties with then PAGCOR Chair Efraim Genuino.

It further states that Genuino was acknowledged to be the brain behind the establishment of a gambling strip in Metro Manila “in the mold of Las Vegas and Macau where Universal Entertainment has allegedly applied to set up a US%2 billion casino facility.”

The reported Universal payments to Soriano were described at a company meeting to be “a complete bonus” for his help in clearing remaining hurdles for the casino, including an exemption from corporate tax and foreign ownership restrictions – people involved in the project were quoted in the Philippine Daily Inquirer to have said.

Aumentado said there is a need for the National Bureau of Investigation (NBI) to look into the alleged payola, especially the paper trail, help determine the parties involved and benefited in the apparent bribery and violation of the anti-graft and corrupt practices act.

He also said there is a need for the House of Representatives to determine the appropriate legislation to plug the loopholes, if any, in the laws involved and transactions related to gambling casinos at the Metro Manila strip for the purpose.

The resolution also provides that the house Committee on Good Government and Accountability to probe the alleged payola and recommend the necessary remedial legislations which may be necessary as a consequence of the inquiry.

It further tasks the National Bureau of investigation (NBI) to investigate the criminal aspect of the alleged payola.

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