Mrs. Violeta Abadia This is Me

 Web References

1. 1. Sen. Aquilino Q. Pimentel - Archived Document

   www.nenepimentel.org/cgi-bin/b - [Cached]

   Last Visited: 12/25/2001

   Abadia is further recommended for prosecution in this
   
   regard in that he, himself, had knowingly used the choppers
   
   of API and Marilaque for partisan political campaigning as a
   
   senatorial candidate in the 1998 elections.
   
   As for the users of the choppers for partisan electoral
   
   ...
   This is not to say that, therefore, Abadia who was a
   
   senatorial candidate in the last elections, should also go
   
   scot free.
   
   His - and Asuncion's - situation is different
   
   ...
   In fact, RSBS records show that Abadia was
   
   instrumental in the approval of certain loans, investments
   
   or advances to ALI and Marilaque.
   
   The recommendations here would not complete if the
   
   ...
   In fact, Abadia admitted that this fund flow
   
   schedule reflects "paper figures" in reply to a
   
   question of Senator Juan Flavier.25
   
   C.5 Other Investments and Loans
   
   ...
   (3) Abadia had also used ALI's/Marilaque's helicopters a
   
   number of times during this same electoral campaign season.
   
   Abadia was running for the senate, then.
   ...
   Abadia and Alexander Asuncion had apparently
   ...
   Army, Abadia allegedly divested his API shares in favor of
   
   Atty. Paterno Pajares, the corporate secretary of API.
   
   His
   
   wife, Violeta Abadia who had become a stockholder of API on
   
   June 17, 1982, reportedly divested her shares on March
   
   1988.48
   
   Abadia said that he had been paid P500,000 in cash for
   
   his 5,000 shares by Pajares under Certificate No. 110.49
   
   Certain circumstances of Abadia's alleged divestment do
   
   not seem to tally.
   
   For one, your Committees find it
   
   difficult to believe that the payment to Abadia was made in
   
   cash.
   
   In the normal course of business, payment of such
   
   amounts, in this instance, P500,000, is usually made by
   
   ...
   Asuncion, obviously a friend of Abadia, testified that
   ...
   The records, however, show that Mrs. Abadia's
   
   shares were transferred not to Pajares but to Tersius
   
   Development Corporation under Certificate No. 95.50
   
   The records further show that Abadia initially acquired
   
   his shares from Pajares. Moreover, Certificate No. 066
   
   issued to Mrs. Abadia on January 24, 1984 for 10,000 shares
   
   was transferred to Pajares in 1991 for only P100,000.51
   
   Abadia further explained that he had only P593,750
   
   worth of shares in API as of October 22, 1996, or 2.3 % of
   
   its outstanding shares. Yet he was elected chair of its
   
   board.
   ...
   Nonetheless, Abadia, himself, later admitted that from
   
   January 6, 1995 to June 16, 1995, he and Mrs. Abadia re-
   
   acquired API shares worth P7.999 million.54 Just exactly
   
   where or how the Abadias got so much money to be able to
   
   ...
   the Ombudsman to determine whether or not Abadia had
   
   enriched himself while in office far beyond the salary,
   
   emoluments and perks of his office could justify.
   
   To sum up, Abadia was the Chief of Staff of the armed
   
   forces and chair of RSBS board from April 12, 1991 to April
   
   11, 1994.
   
   His stint was marked by concessions granted by
   
   ...
   Abadia was chair of the System's Board. Then, two months
   
   after Abadia's retirement from the armed forces or on June
   
   28, 1994, the System invested another P40 million in
   
   Eastridge I.
   
   ...
   of Abadia with the affairs of API and Marilaque, it is not
   
   far-fetched to conclude that Eastridge II was conceptualized
   
   while he was still Chief of Staff and chair of RSBS.
   
   The unusual concern of RSBS for the wellbeing of API
   
   and its affiliates was further manifested by the System's
   
   extension of some P90 million in "bridge financing" to the
   
   ...
   that Abadia has cleanly divested himself of his interests in
   
   Antipolo Land, Inc., when he became chief of staff of the
   
   armed forces. He also appeared to have used the clout of
   
   his having been chief of staff to favor ALI and eventually
   
   Marilaque where he wound up as chair of the corporations
   
   after his stint as chief of staff was over.
   
   Moreover, API, whose Board Abadia now chairs, had
   
   benefited immensely from the millions of loans which RSBS
   
   ...
   Abadia is further recommended for prosecution in this
   
   regard in that he, himself, had knowingly used the choppers
   
   of API and Marilaque for partisan political campaigning as a
   
   senatorial candidate in the 1998 elections.
   
   As for the users of the choppers for partisan electoral
   
   ...
   is not to say that, therefore, Abadia who was a
   
   senatorial candidate in the last elections, should also go
   
   scot free.
   
   His - and Asuncion's - situation is different
   
   ...
   In fact, RSBS records show that Abadia was
   
   instrumental in the approval of certain loans, investments
   
   or advances to ALI and Marilaque.
   
   The recommendations here would not be complete if the