Did you know that right after mom Cory Aquino became president in 1986, Noynoy Aquino set up a security agency to provide services to government firms?
If you think there’s nothing wrong with this then, yes, you deserve a president like Noynoy.
Here’s the Manila Standard piece, in case you haven’t read it yet:
Aquino’s agency bagged govt contracts in 1986
by Christine F. Herrera
SHORTLY after the People Power revolt brought his mother to power in 1986, Liberal Party standard bearer Senator Benigno Aquino III established a security agency that provided services to government corporations and even a company of taipan Lucio Tan.
Aquino, then 26, used Arlegui, the official residence of the President and her family, as the address on the incorporation papers of Best Security Agency Inc., a company that carries his initials and which he ran with his uncle, Antolin Oreta Jr.
“What could I do? I lived in Arlegui at the time. What is so illegal about that?” Aquino said.
Oreta, husband of former Senator Tessie Aquino-Oreta, acted as chairman and president of the BSA board. Cipriano Lacson was director-treasurer, while Aquino, George Gaddi, Bienvenido Reyes, Alexander Lopez and Jacob Acuna were directors.
Lopez is the son of former Manila mayor and now Manila Rep. Mel Lopez Reyes is now a Court of Appeals justice.
At one point, the agency had close to 1,000 security guards, but now has only about 300, according to Aquino.
In those days, business was good for Aquino’s agency, which secured government contracts with the likes of the Philippine National Construction Corp. and the facilities and buildings of sequestered companies under the Presidential Commission on Good Government.
Its other big clients were AsiaTrust, the Tanduay Distillers of taipan Lucio Tan and Uniwide.
Aquino, who no longer sits on the company’s board, said there was nothing wrong with its operation.
But his critics said the company represented a conflict of interest and violated the Anti-Graft and Corrupt Practices Act of 1965, which made it “unlawful for any person having family or close personal relation with any public official to capitalize or exploit or take advantage of such family or close personal relation by directly or indirectly requesting or receiving any present, gift or material or pecuniary advantage from any other person having some business, transaction, application, request or contract with the government, in which such public official has to intervene.” (Highlighted by Pedro “Oh Noy” Damuho)
“The BSA bagged government and private contracts because the incorporators were the son and relatives of the sitting President,’’ a source said.
“Aquino was then a presidential son and he was unmindful of breaching ethics. He even used Arlegui as his address. We fear he can do worse once he gets elected as President.”
But Aquino said there was nothing illegal in his and his uncle’s business, considering that he was in the private sector when his mother was President.
“I was very conscious about conflict of interest. My mother had responsibility over the entire government. I didn’t want them to be able to say anything bad about my mother,’’ Aquino said.
For this reason, he said, he had to turn down offers for several government contracts.
“In one instance, I was approached by then Environment Secretary Fulgencio Factoran Jr. for the [Environment Department] to tap our security guards or blue guards as forest guards,’’ Aquino said.
“He insisted he needed trusted people. He asked me twice, I turned him down twice. It was a big loss to the company but I just had to do it.’’ Besides, he said, being forest guards entailed great risks.
Aquino said he could not have possibly done wrong because his mother kept reminding him not to betray the people’s trust.
“My sisters and I were always told by our mother of the rule, which was to be truer than Caesar’s wife,’’ he said.
“That has become our mantra in knowing what is morally right and wrong in dealing with government and private businesses. So I was very careful.”
Aquino said he ended his involvement with the company in 1993, and even before he was elected congressman, in 1998.
Those blind Noynoy Aquino supporters question the truth of the existence of Kamaganak, Inc. But anyone following the news during the time of Cory Aquino’s administration knows full well how the term came to be. Well, this story is one that directly links your precious Noynoy to an anomaly.
Conflict of interest, anyone?
What a self-righteous donkey’s behind this Noy is.
Methinks that if he wins, Kris will be named CEO of ABS-CBN. The rest of the relatives will get cushy positions in whatever industry or field they fancy.