Former Pagcor chairman posts bail

    Former Pagcor chairman Efraim Genuino has posted P90,000 (US$1,952) bail at the Sandiganbayan, where he is facing three graft charges over the alleged misuse of P37 million of PAGCOR funds, local media reports.

    The graft charges are reportedly in connection with the release of P37 million (US$799,740) to the Philippine Amateur Swimming Association Inc. (PASA) for the training of swimmers for the 2012 Olympic Games.

    According to the charge sheet filed by the Ombudsman, the funds were used to pay for the use of the aquatic facility of Trace Aquatic Center (TAC) which was allegedly owned by Genuino and his family.

    Other named respondents included former Pagcor president Rafael Francisco; former senior vice president for corporate communications and services department Edward King; former executive vice president Rene Figueroa; former vice president, accounting department Ester Hernandez, and former assistant vice president, internal audit department Valente Custodio.

    The former chairman has reportedly begun procedures that would allow him to avoid being served a warrant of arrest should the Sandiganbayan issue one, and also filed a motion ultimately asking to have the cases filed against him dismissed.