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    GSIS files libel complaint vs solon 
     
    By Fernan Marasigan
    Reporter
     

    THE Government Service Insurance System (GSIS) and its president, Winston Garcia, on Thursday filed a complaint for libel against Lakas Rep. Bienvenido Abante Jr. of Manila for allegedly claiming that GSIS funds were being used to bribe congressmen to support the speakership bid of Cebu congressman-elect Pablo Garcia.

    In a complaint-affidavit filed with the city prosecutor of Pasay City, Winston Garcia said Abante’s charges, which were aired on radio and television and carried by the print media, were “false, defamatory and malicious, and made in reckless disregard of the truth.”

    In including the GSIS as a complainant, Winston said that the defamatory statements made by Abante had ruined “the goodwill and accomplishments that GSIS officers and employees have been working so hard to achieve.”

    He stressed that since the GSIS is a pension fund built on trust, “if the trust is somehow eroded because of false imputations . . . then the institution runs the risk of going bankrupt.”

    The GSIS president charged Abante with having told the media that “Mr. Winston Garcia is very much involved in this act of bribery.” According to documents submitted by Winston and GSIS, Abante also said that he had proof of Winston’s involvement, and yet he had failed so far to submit such proof.

    “Thus, without any shred of evidence on hand, respondent Abante imputed the very serious crime of bribery and, by implication, malversation of public funds, against GSIS and the undersigned. ‘Shameful,’ ‘immoral’ and ‘illegal’ were just some of the inflammatory words he used to cast aspersions on the institution and myself,” complained Winston.

    The GSIS president said that, “As a public official himself, he [Abante] must have known the process for disbursement of public funds, which involves the approval of certain authorized officers and close scrutiny by the Commission on Audit (COA). It is impossible, therefore, for the undersigned to just get huge chunks of money from the funds of GSIS without the cooperation of GSIS officers and COA.”

    “Likewise,” he added, “GSIS funds would not have dramatically grown if we were dishonest in the performance of our duties. We take pains to always assure our members and pensioners that their funds are in good hands. However, all these went down the drain with respondent’s irresponsible and malicious statements.”

    Winston averred that “As a pension fund on which our public servants rely for their future sustenance, our continuing existence is built on trust. Our investments thrive because of trust. However, if that trust is somehow eroded because of false imputations that strike at our ability to keep safe our member’s funds, then the institution runs the risk of going bankrupt.”

    Garcia asserted that since he assumed the position of president and general manager of GSIS in 2001, he had initiated far-reaching reforms aimed at strengthening the system and lengthening its actuarial life. “From a company with an actual deficit of P25 billion, GSIS is now enjoying a surplus of P21 billion.”

    As a result, the actuarial life of GSIS was lengthened to until year 2046 from 2024.

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