Yasay out on bail, denies raps

August 23, 2019
Perfecto Yasay

FORMER foreign affairs secretary Perfecto Yasay,  Jr. is now on provisional liberty after posting a P60,000 bail set by the Manila Regional Trial Court Branch 10 where he and several others are facing charges for violation of Republic Acts 8791 and 7653 or General Banking Law and  New Central Bank Act over his alleged involvement in a questionable loan from the Banco Filipino Savings and Mortgages.

Yasay, 72, was earlier arrested by virtue of a warrant issued by Judge Danilo Leyva, along with his co-accused Maxy Abad, Francisco Rivera, Teodoro Arcenas Jr., Albert Aguirre, Orlando Samsaon and Adelaida Aduru-Bowman, for whom the court also recommended a bail of P60,000 each.

Yasay was nabbed the other night by a team from the Manila Police District-Warrant Service Section at his home at Unit 4905 Milano Residences, Century City Road, Barangay Poblacion, Makati City. The team was led by warrant section chief  PLt Glensor Vallejo.

It was learned that prior to Yasay’s arrest, Atty. Jonn Irvin Velasques, representing the Bangko Sentral ng Pilipinas, went to the MPD and sought police assistance for the service of the warrant against Yasay.

Court records said that from 2001 to 2009, Yasay and  his associates allegedly conspired to get a P350 million loan from Banco Filipino. After loan was approved, they allegedly failed to report it for the supervision of the BSP.

Following his arrest, Yasay’s blood pressure reportedly shot up so that he was brought to the Manila Doctor’s Hospital for a checkup and where he stayed until 8 a.m. After attending his bail hearing, Yasay was said to have gone back to the hospital at11 a.m. for his additional medical tests.

Yasay meanwhile denied the charges and said that he only became part of the bank in 2009.