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                    [ArticleID] => 203447
                    [Title] => SSS execs in behest investment still there
                    [Summary] => In July 2001 then-SSS chief Vitaliano Nañagas received a damning report from external auditors. Top executives had squandered billions of pesos in behest investments during the Estrada tenure. Something had to be done to recover the money. SSS was in the hole, with hardly enough cash to pay benefits to members or pensions to retirees. Nañagas quietly called in the Office of the Government Corporate Counsel (OGCC) to look into the mess. Weeks later SSS executives led employees in a strike against his strict management style. Out Nañagas went, replaced by Corazon de la Paz.
                    [DatePublished] => 2003-04-23 00:00:00
                    [ColumnID] => 134276
                    [Focus] => 0
                    [AuthorID] => 1805283
                    [AuthorName] => Jarius Bondoc
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 133692
                    [Title] => SSS executives charged anew
                    [Summary] => Sixteen officials of the Social Security System (SSS), including former SSS chairman Carlos Arellano, were charged anew with graft before the Ombudsman yesterday, this time in a case involving an alleged anomalous investment in DMCI Holdings Inc. in May 2000.


Amado Cabaero and Honesto General, the complainants in the case, said the SSS officials invested in the construction firm which resulted in the P350 million loss for the state pension fund.


                    [DatePublished] => 2001-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

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                (
                    [ArticleID] => 132748
                    [Title] => Ombudsman suspends 10 SSS execs for P1.2-B overpri
                    [Summary] => Ten officials of the Social Security System were suspended yesterday for six months without pay by Ombudsman Aniano Desierto for their alleged involvement in the P1.2-billion overpricing of PCIBank shares in April 1999.


Suspended were executive vice president Horacio Templo, senior vice president for investment Edgar Solilapsi, SVP for legal and collection Amador Monteiro, and Lilia Marquez, head of the institutional loans department.


The six others were commissioners Rafael Estrada, Miguel Varela, Marianita Mendoza, Juan Tan, Raul Inocentes and Aurora Arnaiz.


                    [DatePublished] => 2001-09-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 131795
                    [Title] => 14 SSS executives face graft charges
                    [Summary] => Fourteen officials of the Social Security System, two of them former SSS chief Carlos Arellano and former Labor Secretary Bienvenido Laguesma, were charged with graft yesterday for allegedly making unlawful SSS investments amounting to P1.1 billion.


The criminal charges were filed with the Ombudsman by eight SSS officials identified with the camp of former chairman Vitaliano Nañagas who was ousted after employees objected to reforms he wanted to implement in the state-run pension fund. 


                    [DatePublished] => 2001-08-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

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)

AMADOR MONTEIRO

Array
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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 203447
                    [Title] => SSS execs in behest investment still there
                    [Summary] => In July 2001 then-SSS chief Vitaliano Nañagas received a damning report from external auditors. Top executives had squandered billions of pesos in behest investments during the Estrada tenure. Something had to be done to recover the money. SSS was in the hole, with hardly enough cash to pay benefits to members or pensions to retirees. Nañagas quietly called in the Office of the Government Corporate Counsel (OGCC) to look into the mess. Weeks later SSS executives led employees in a strike against his strict management style. Out Nañagas went, replaced by Corazon de la Paz.
                    [DatePublished] => 2003-04-23 00:00:00
                    [ColumnID] => 134276
                    [Focus] => 0
                    [AuthorID] => 1805283
                    [AuthorName] => Jarius Bondoc
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 133692
                    [Title] => SSS executives charged anew
                    [Summary] => Sixteen officials of the Social Security System (SSS), including former SSS chairman Carlos Arellano, were charged anew with graft before the Ombudsman yesterday, this time in a case involving an alleged anomalous investment in DMCI Holdings Inc. in May 2000.


Amado Cabaero and Honesto General, the complainants in the case, said the SSS officials invested in the construction firm which resulted in the P350 million loss for the state pension fund.


                    [DatePublished] => 2001-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 132748
                    [Title] => Ombudsman suspends 10 SSS execs for P1.2-B overpri
                    [Summary] => Ten officials of the Social Security System were suspended yesterday for six months without pay by Ombudsman Aniano Desierto for their alleged involvement in the P1.2-billion overpricing of PCIBank shares in April 1999.


Suspended were executive vice president Horacio Templo, senior vice president for investment Edgar Solilapsi, SVP for legal and collection Amador Monteiro, and Lilia Marquez, head of the institutional loans department.


The six others were commissioners Rafael Estrada, Miguel Varela, Marianita Mendoza, Juan Tan, Raul Inocentes and Aurora Arnaiz.


                    [DatePublished] => 2001-09-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 131795
                    [Title] => 14 SSS executives face graft charges
                    [Summary] => Fourteen officials of the Social Security System, two of them former SSS chief Carlos Arellano and former Labor Secretary Bienvenido Laguesma, were charged with graft yesterday for allegedly making unlawful SSS investments amounting to P1.1 billion.


The criminal charges were filed with the Ombudsman by eight SSS officials identified with the camp of former chairman Vitaliano Nañagas who was ousted after employees objected to reforms he wanted to implement in the state-run pension fund. 


                    [DatePublished] => 2001-08-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

SSS execs in behest investment still there

By GOTCHA | By Jarius Bondoc | April 23, 2003 - 12:00am

In July 2001 then-SSS chief Vitaliano Nañagas received a damning report from external auditors. Top executives had squandered billions of pesos in behest investments during the Estrada tenure. Something had...

Opinion

SSS executives charged anew

By Delon Porcalla | September 15, 2001 - 12:00am

Sixteen officials of the Social Security System (SSS), including former SSS chairman Carlos Arellano, were charged anew with graft before the Ombudsman yesterday, this time in a case involving an alleged anomalous...

Metro

Ombudsman suspends 10 SSS execs for P1.2-B overpri

By Delon Porcalla | September 6, 2001 - 12:00am

Ten officials of the Social Security System were suspended yesterday for six months without pay by Ombudsman Aniano Desierto for their alleged involvement in the P1.2-billion overpricing of PCIBank shares in April...

Headlines

14 SSS executives face graft charges

By Delon Porcalla | August 29, 2001 - 12:00am

Fourteen officials of the Social Security System, two of them former SSS chief Carlos Arellano and former Labor Secretary Bienvenido Laguesma, were charged with graft yesterday for allegedly making unlawful SSS investments...

Headlines