2 SSS execs linked to profiteering now under investigation for bribery

MANILA, Philippines — “I received a complaint that at least two of the four [SSS executives] receive bribes. You don’t give money without expecting something in return….the bribe they receive is the percentage of the volume of stocks from the stockbroker. The amount is in six figures,” Social Security System (SSS) Commissioner Jose Gabriel “Pompee” La Viña said regarding officials of the agency already linked to the stock trading issue.

La Viña refused to mention which of the four SSS executives were involved in the latest probe.

The four implicated officials are SSS Executive Vice President for Investment Rizaldy Capulong; Vice President for Equities Investment Division Reginald Candelaria; Equities Product Development Head Ernesto Francisco Jr.; and Actuarial and Risk Management Division Chief George Ongkeko Jr.

La Viña maintained there is nothing wrong with his disclosures of the information pertaining the controversies the agency is now facing.

“I will be criminally liable if I don’t say anything. That is higher than any concerns about restriction of information,” La Viña said.

The Commissioner vows to put in detail all evidence he has during the House investigation on the matter.

In the resolution filed by Makabayan congressmen, they want the investigation to cover not only the four officials but all high-ranking officials of SSS.

La Viña will propose to the Social Security Commission and the Lower House to bar any SSS official from owning stocks in the agency. – Grace Casin | UNTV News & Rescue

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