{"id":777008995,"date":"2023-09-06T07:46:33","date_gmt":"2023-09-06T10:46:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008995"},"modified":"2026-04-22T18:21:25","modified_gmt":"2026-04-22T21:21:25","slug":"pagcor-chairman-welcomes-probe-into-alleged-missing-bond","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-chairman-welcomes-probe-into-alleged-missing-bond","title":{"rendered":"PAGCOR chairman welcomes probe into alleged missing bond"},"content":{"rendered":"\n

PAGCOR chairman Alejandro H. Tengco said it’s “an opportunity to find out the truth”.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Alejandro H. Tengco<\/strong>, chairman of the\u00a0Philippine Amusement and Gaming Corporation (PAGCOR<\/strong>), has welcomed the\u00a0filing of charges against him and former PAGCOR board members<\/a>\u00a0regarding the alleged disappearance of a PHP75m performance bond posted by an e-sabong company.\u00a0<\/p>\n\n\n\n

Tengco, who assumed office in August 2022, said that while the incident occurred during the previous administration, he views it as “an opportunity to find out the truth and determine accountability within the agency.”<\/p>\n\n\n\n

RJoaquin Sy, who claims to be the chairman and chief finance officer of Kamura Highlands Gaming and Holdings, has filed charges of malversation of public funds, qualified theft and falsification of private and commercial documents with the Ombudsman.\u00a0<\/p>\n\n\n\n

Named respondents include former PAGCOR chief Andrea Domingo, former board members Gabriel Claudio, Carmen Pedrosa, Reynaldo Concordia, and James Patrick Bondoc, along with current PAGCOR officer Dianne Erica Jogno.<\/p>\n\n\n\n

Tengco clarified that PAGCOR has not yet received any formal complaint from the Ombudsman. He said: \u201cWe have launched an internal investigation and we are trying to recreate the sequence of events since the department allegedly involved, the E-Sabong Licensing Department, has already been disbanded.”<\/p>\n\n\n\n

He added: \u201cFormer President Duterte\u00a0outlawed e-sabong in May 2022<\/a>\u00a0and the people in the E-Sabong Licensing Department have since been reassigned to other units so now we are trying to retrace the supposed anomalous transaction.<\/p>\n\n\n\n

\u201cWhile this happened before we came to PAGCOR, the public can rest assured that we will get to the bottom of this, and that we will respond to the accusations against us in the proper venue once we receive a copy of the alleged charges from the Ombudsman.”<\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR chairman Alejandro H. Tengco said it’s “an opportunity to find out the truth”.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR Chairman Alejandro H. Tengco has welcomed charges filed against him and former board members concerning a missing PHP75m e-sabong performance bond, viewing it as an opportunity for accountability. Despite the alleged incident predating his administration and the disbandment of the E-Sabong Licensing Department, PAGCOR has initiated an internal investigation to reconstruct events and address the accusations. The charges, filed by RJoaquin Sy, include malversation of public funds, qualified theft, and falsification of documents.","focusai_entities":"Alejandro H. Tengco, Philippine Amusement and Gaming Corporation (PAGCOR), RJoaquin Sy, Kamura Highlands Gaming and Holdings, Ombudsman, Andrea Domingo, Gabriel Claudio, Carmen Pedrosa, Reynaldo Concordia, James Patrick Bondoc, Dianne Erica Jogno, Former President Duterte","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.8), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Investigation Status?","query":"What is the current status and projected timeline for PAGCOR's internal investigation into the alleged PHP75m performance bond malversation?"},{"label":"Regulatory Impact?","query":"How might these allegations and the subsequent investigation influence PAGCOR's credibility and its ongoing efforts to refine regulatory compliance and governance frameworks?"}],"footnotes":""},"categories":[439,158,16333],"tags":[405],"class_list":["post-777008995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008995"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008995\/revisions"}],"predecessor-version":[{"id":777009014,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008995\/revisions\/777009014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}