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Yasay posts P240,000-bail, but remains in hospital for more tests

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By Erma Edera

Former Foreign Affairs secretary Perfecto Yasay Jr. posted bail of P240,000 on Friday at the Manila Regional Trial Court Branch 10 for the four counts of violation of banking laws that he allegedly committed.

Former Foreign Affairs secretary Perfecto Yasay Jr. remains confined at the Manila Doctors Hospital after posting bail. (Photo from Perfecto Yasay's Facebook account / via Erma Edera / MANILA BULLETIN)

Former Foreign Affairs secretary Perfecto Yasay Jr. remains confined at the Manila Doctors Hospital after posting bail. (Photo from Perfecto Yasay’s Facebook account / via Erma Edera / MANILA BULLETIN)

“After posting bail, I now enjoy the status of a provisional free man. Now the fight for justice and to prove my innocence begins,” Yasay said.

In his Facebook post on Thursday, Yasay said he would not post bail until he was brought to the judge to question “this abuse of process and travesty of justice.”

His wife Cecile said that despite posting bail, her husband will still remain confined at the Manila Doctor’s Hospital to undergo more tests.

READ MORE: Yasay rushed to hospital after arrest

The former top diplomat was rushed to the Manila Doctors Hospital after his arrest on Thursday after he complained of chest pains while in detention.

Yasay was directed to appear at his arraignment and pre-trial on September 20 at around 8:30 a.m.

Yasay was arrested on Thursday at his residence for allegedly conspiring with five other associates of the Banco Filipino Savings and Mortgages Bank from 2001 to 2009, to secure a P350-million loan for a certain Tierrasud Incorporated.

READ MORE: Yasay arrested over violation of banking laws

The former foreign affairs chief was charged for violating Republic Act 8791, otherwise known as the General Banking Law; and Republic Act 7653 otherwise known as the New Central Bank Act according to the arrest warrant issued by Judge Danilo Leyva of Manila Regional Trial Court Branch 10.

However, he denied the allegations, explaining that the transaction occurred from 2003 to 2006, while he only joined the bank in 2009.

“I am a high profile, former public official who can pull strings, who can use his influence and power to fight… But I have not done that. I wanted to face and show to the people that under President [Rodrigo] Duterte, talagang everybody stands fair and square under the law,” he said.

Meanwhile, the Bangko Sentral ng Pilipinas (BSP) refused to further comment on the arrest of Yasay.

“The service of the Warrant of Arrest against Perfecto R. Yasay, Jr. is a consequence of the filing of criminal information by the Department of Justice before the court. A judge issued the said warrant pursuant to the provisions of the Rules of Court,” the BSP said.

“The Bangko Sentral ng Pilipinas will not issue any comment as the matter is pending before court and to do so would violate sub judice rule,” they added.

The former top diplomat served as chairman of the Securities and Exchange Commission (SEC) under then president Joseph Ejercito Estrada.

Yasay served as secretary of the Department of Foreign Affairs from 2016 to 2017, but his appointment was rejected by the Commission on Appointments (CA) in March 2017.

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