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                    [ArticleID] => 281711
                    [Title] => 3 GSIS execs dismissed
                    [Summary] => The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral.


Ombudsman Simeon Marcelo issued the order yesterday against GSIS senior executive officers Alex Valencerina, Amalio Mallari and Fernando Campana.


Public Assistance Bureau director Marylyn Galvez said the three GSIS executives granted the loan to Ecobel Land Inc., even though the land title used as collateral in Lipa City in Batangas turned out to be illegitimate.


                    [DatePublished] => 2005-06-15 00:00:00
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AMALIO MALLARI AND FERNANDO CAMPANA

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                    [ArticleID] => 281711
                    [Title] => 3 GSIS execs dismissed
                    [Summary] => The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral.


Ombudsman Simeon Marcelo issued the order yesterday against GSIS senior executive officers Alex Valencerina, Amalio Mallari and Fernando Campana.


Public Assistance Bureau director Marylyn Galvez said the three GSIS executives granted the loan to Ecobel Land Inc., even though the land title used as collateral in Lipa City in Batangas turned out to be illegitimate.


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abtest

3 GSIS execs dismissed

June 15, 2005 - 12:00am

The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral. Ombudsman Simeon Marcelo issued...

Headlines