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Arroyo orders SEC exec to go on leave

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By Joel Guinto
First Posted 11:46:00 03/10/2009

CLARK FIELD, Pampanga – President Gloria Macapagal-Arroyo has ordered Securities and Exchange Commission (SEC) commissioner Jesus Martinez to go on leave to give way to an investigation into the corruption charges against him, Malacañang said.

Arroyo has sent a memorandum to SEC Chairperson Fe Barin for Martinez to go on leave, Executive Secretary Eduardo Ermita told reporters here.

Arroyo also ordered the Securities and Exchange Commission (SEC), and the Presidential Anti-Graft Commission (PAGC) to investigate allegations that Martinez received a house and lot and cash from the pre-need arm of the Legacy Group of Companies, Ermita said.

“The President is very much concerned about this. Kinakailangan magkaroon ng disiplina sa ranggo ng SEC kung talagang nangyari ito [There is a need to discipline the ranks of SEC if this has really happened],” deputy presidential spokesman Anthony Golez said.

But Golez said there was no order for Barin to go on leave.

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Written by joelguinto

TueUTC2009-03-10T13:45:20+00:00UTC03bUTCTue, 10 Mar 2009 13:45:20 +0000 22, 2006 at 12:45 pm03

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