DOJ Pledges Impartiality in Prosecution of Villar Family Complaints
The Department of Justice has firmly assured the public that it will handle the prosecution of complaints filed by the Securities and Exchange Commission against the Villar family and their companies with complete fairness and balance. This commitment was underscored by Senior Deputy State Prosecutor Peter Ong, who leads the panel of prosecutors assigned to focus on these allegations.
Emphasis on Unbiased Investigation
Prosecutor Ong stated that the investigation and review by the panel of prosecutors will be conducted in a fair and equitable manner, regardless of any potential repercussions from the outcomes. He emphasized that even if some parties are dissatisfied with the resolutions, it will not influence the determination of what is right or wrong in the case.
According to Ong, no external forces can dictate the decisions of the prosecution, even if certain rulings provoke anger. He clarified that previous remarks about "anger from above" were exaggerated, explaining that his intent was to convey that no outside influence or orders are being considered or followed in handling the case.
Commitment to Integrity and Review
As a result, the prosecution team stands firm on whatever conclusions emerge from the investigation and the final resolutions. However, Ong acknowledged that if any errors are identified, the fiscal office is prepared to revisit and re-examine the matter to ensure accuracy and justice.
Response from the Villar Camp
In response, the Villar family's legal team expressed gratitude to the prosecution. Atty. Robel Lomibao, the family's lawyer, assured continued cooperation, highlighting confidence in the process.
Background of the Complaints
The complaints involve serious allegations against former Senators Manny and Cynthia Villar, Senators Mark and Camille Villar, Villar Land Holdings and Corporation, and others. They face charges of market manipulation, insider trading, and misleading disclosures, as filed by the Securities and Exchange Commission.
