The Bangko Sentral ng Pilipinas has asked the Regional Trial Court of Manila to deny the motion of Jose C. Go, owner of the defunct Orient Commercial Banking Corporation, to travel abroad.
Go had applied at Branch 26 of the Regional Trial Court for permission to travel for the period from February 5 to March 10, to Hongkong, China and Taiwan, ostensibly for business purposes.
Orient Bank was ordered closed by the BSP on October 14, 1998 and placed under receivership by the Philippine Deposit Insurance Corporation. It was the first bank to collapse at the height of the regional financial crisis.
In opposing Go’s request to travel, the BSP cited a string of estafa and other cases pending against Go in various courts involving billions of pesos arising from the operation of Orient Bank. The BSP said “the risk of flight to evade the court’s jurisdiction by the accused is very high.”
The BSP said Go “should make himself available at all times to comply with court orders and processes in connection with the criminal and civil cases filed against him.”
The cases are as follows:
- Violation of Sec. 83 of Republic Act (R.A.) No. 337, as amended by Presidential Decree (P.D.) No. 1795 (DOSRI) – which is pending before the Regional Trial Court (RTC) of Manila, Branch 26. The BSP has asked the Department of Justice (DoJ) that the number of DOSRI charges against Go be increased to 119 counts as there are 119 DOSRI accounts amounting to not less than P2.7 billion involved.
- Estafa thru Falsification of Commercial Document (7 counts) – which are pending before the RTC-Manila, Branch 42. These cases involve the sum of not less than P142 million.
- Estafa (18 counts) – which are pending also with the RTC–Manila, Branch 42. These cases involve the sum of not less than P140 million.
- Estafa (4 counts) – which are pending before the RTC –Manila, Branch 24. These cases involve the sum of not less than P17.9 million.
- Estafa (2 counts) – which are pending before the RTC – Manila, Branch 24. These cases involve the sum of not less than P19.9 million.
- Falsification of Commercial Documents (27 counts) – which are pending before the Metropolitan Trial Court of Manila, Branch 16. These cases involve the sum of not less than P804 million. Both the BSP and PDIC are awaiting notice of arraignment from the court.
- Civil action with preliminary attachment against Go and his companies for sums amounting to 2.5 billion. This case is now with the Regional Trial Court of Manila, Branch 12.