Sunday, October 03, 2004

NR1002: Garcia NOT an ordinary GSIS member

Mula sa Tanggapan ni Anakpawis Rep. Crispin B. Beltran
News Release October 2, 2004
House of Representatives, South Wing Rm 602
931-6615 Ina Alleco R. Silverio, chief of staff
Celphone number 09213907362

Garcia treated just like an ordinary GSIS member when loaning? He would
rather borrow than steal? Another loan document shows otherwise – Rep.

“Is he trying to make us laugh? Garcia got his loan approved in just two days.
Ordinary government employees say it takes them at least one week even when
their papers are complete.” This was Anakpawis Representative Crispin
Beltran’s reaction to Garcia’s statement that he was treated like an ordinary
GSIS member when he filed for a P11-million housing loan under the GSIS Bahay
Ko Program.

Apart from this, Kapisanan ng mga Manggagawa sa GSIS (KMG) was able to secure a
GSIS document showing another questionable loan by Garcia. This loan, amounting
P2,141,874.00, has a monthly amortization of P56,414.07. However, the same
document reveals Garcia paying only the amount of P43,123.06 per month.
Out of the P169,242.21 supposed partial payment for the first three months,
Garcia has paid only P129,369.18. If Garcia would “rather borrow than steal” as
he said, where, then, has the P39,873.03 gone?

“Because he is the President and General Manager of GSIS does not warrant him
to pay less than the monthly amortization. If he was being “treated like an
ordinary GSIS member,” then how could he pay less than the monthly

The labor leader turned lawmaker said he is filing a resolution calling on the
House Committees on Good Government and Government Enterprises and
Privatization to jointly investigate Garcia’s questionable loans.

“Just like any other controversy concerning government employees, particularly
of the GSIS, this one is something the House of Representatives and Malacañang
should never take for granted. My office has been receiving calls from
government employees from different regions demanding Winston Garcia’s removal
from his post” ###


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