close
Travel

Sandiganbayan Okays Weslie Gatchalian travel to China

travel-01

The Sandiganbayan Fourth Division has allowed Valenzuela City Rep. Weslie Gatchalian to travel to China from October 18 to 22, 2016 to serve as the country’s delegate in a trade mission of the Bases Conversion Development Authority (BCDA).

Gatchalian was arraigned Wednesday and pleaded not guilty to his graft, malversation, and violation of the Manual of Regulation for Banks charges in connection with the Local Water Utilities Administration (LWUA) purchase of Express Savings Bank Inc. (ESBI), a local thrift bank based in Laguna owned by the Gatchalians through WELLEX Group Inc. (WGI) and Forum Pacific Inc. (FPI), way back in March 24, 2009.

The anti-graft court allowed Gatchalian’s travel provided that he should personally present himself before the Division Clerk of Court together with his passport and photocopies of documents relevant to his travel within five days of his return.

In case he fails to take his trip, for any reason, he is still required to appear before the Sandiganbayan.

Any misrepresentation made by Gatchalian’s Motion for Leave to Travel Abroad “shall be punished as contempt of this court and shall be dealt with accordingly.”

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul