PGMA orders DOJ, SEC and BSP to help Legacy plan holders; advises SEC's Martinez to go on leave
Manila (11 March) -- Malacanang ordered three government agencies to help out the beleaguered plan holders of Legacy Group even as it advised Commissioner Jesus Martinez of the Securities and Exchange Commission (SEC) to immediately go on leave.
"Martinez should go on leave effective immediately to insure impartial investigation by the SEC and other investigative bodies on the charges against him," said the Palace in a text statement sent to the media by Press Secretary Cerge Remonde.
"The President (Gloria Macapagal-Arroyo) has also directed PAGC (Presidential Anti-Graft Commission) to look into alleged irregularities committed by Martinez and other SEC officials," said Remonde.
The Press Secretary added that "the President has also ordered the Department of Justice and SEC to work together with the Bangko Sentral ng Pilipinas (BSP) in helping Legacy plan holders in line with the government policy of consumer protection."
Martinez has been accused of receiving gifts, including a house and lot and cash, from the Legacy Group. (PIA-MMIO) [top]