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Sandiganbayan OKs Arthur Yap’s China trip

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Deputy House Speaker and Bohol 3rd District Rep. Arthur Yap has been permitted by the Sandiganbayan 6th Division to go to China this October.

The anti-graft court has issued a resolution which granted his motion to travel to China from October 10 to 12.

Yap informed the court that he was invited by Megaworld Corporation CEO Andrew Tan to be the guest of honor at the launch of Megaworld Corporation’s first residential development outside the Philippines.

The legislator is facing a graft charge before the Sandiganbayan over the alleged irregular car loan plans given at the Philippine Rice Research Institute (PhilRice) when he was still Agriulture secretary.

Under the case, the then PhilRice board of trustees allegedly favored 10 employees as beneficiaries for the institute’s car plan from 2008 to 2009.

This allowed the 10 beneficiaries to obtain personal loans from the Philippine National Bank (PNB) for the purchase of private cars which were then leased to PhilRice for the employees’ official use even though they already receive transportation allowances.

The Office of the Ombudsman which filed the case also found that two loan recipients allegedly signed hold out agreements with PNB over the car plan which prevented PhilRice to withdraw funds from its account until the loans were paid in full.

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