Posted on: September 6, 2023, 12:27h.
Last updated on: September 6, 2023, 12:27h.
An e-Sabong operator’s agreement with the Philippine Amusement and Gaming Corp. (PAGCOR) has resulted in charges of abuse of authority against 10 individuals, including current and former leaders. Find out how this controversy is impacting the state’s efforts to dismantle the gaming regulator.
Former PAGCOR board members Gabriel Claudio, Carmen Pedrosa, Reynaldo Concordia, and James Patrick Bondoc are among those named in the accusation, according to media outlet Philstar. Discover how these individuals are connected to the controversial bond and the potential personal benefits they may have gained.
A PHP75 million (US$1.32 million) bond paid by Kamura Highlands Gaming and Holdings Inc. to operate an e-Sabong business has become the focal point of the scandal. Learn about the disappearance of the bond and the implications it has for PAGCOR’s leadership.
Without a Trace
After the Philippines banned e-Sabong, Joaquin Sy, chairman and lead shareholder of Kamura, sought the repayment of the bond from PAGCOR but received no response. Uncover the details of what happened to the money and who allegedly received it.
PAGCOR had reportedly given the money to someone named Jewel Castro without a valid explanation. Investigate the alleged ties between Castro and Kamura and the subsequent withdrawal of the funds.
As a result, Joaquin Sy is seeking accountability from PAGCOR’s leadership. Understand the charges they face and the potential consequences for their actions.
Not Guilty as Charged
While the controversial transactions occurred under the previous PAGCOR regime, current boss Alejandro Tengco is implicated due to his involvement during the money’s transfer. Learn about the additional charges of obstruction of justice and the accused cover-up.
Tengco welcomes the charges and is committed to supporting the case, believing it to be an opportunity to uncover the truth and hold responsible parties accountable. Discover the challenges he faces as he takes the helm of PAGCOR amid this controversy.
Carmen Pedrosa and Reynaldo Concordia, former PAGCOR board members, have passed away since the bond’s reimbursement was requested.