(Eagle News)–The Court of Appeals has junked former Foreign Affairs Secretary Perfecto Yasay’s petition challenging the warrant of arrest issued against him by a local court for violation of banking laws.
In upholding the resolution issued by the CA’s Ninth Division in April, the CA noted that Yasay’s filing of the petition was “premature” given the several motions “fatal to the petition” that remained unresolved in Branch 10 of the Manila Regional Trial Court that issued the warrant against him and his co-accused Maxy Abad, Francisco Rivera, Teodoro Arcenas, and Albert Aguirre.
The warrant stems from charges for the alleged failure of Yasay’s group to report to the Bangko Sentral ng Pilipinas, as then officers of the now-defunct Banco Filipino Savings and Mortgages Bank sometime between 2001 to 2009, a P350-million loan for Tierrasud Incorporated partly guaranteed and secured by real properties owned by Tropical Land Corporation.
Authorities said the group failed to report the loan “to the supervision of BSP” even if a report instructing them to rectify the same was addressed to them.
Yasay was arrested in his house in Barangay Poblacion, Makati on Aug. 22.
He has since posted bail, however.
Yasay was appointed as foreign affairs secretary by President Rodrigo Duterte in 2016, but his appointment was rejected by the Commission on Appointments, which ruled he had lied about his citizenship.