CHIZ PUSHES BILL WAIVING BANK SECRECY FOR PUBLIC SERVANTS

Opposition Sen. Chiz Escudero yesterday called on his colleagues to pass a bill that requires government officials and employees to sign a waiver that will allow the Ombudsman to look into their bank deposits.

"It is time for the Senate to expeditiously act on this measure. While it may not have a retroactive effect, it will deter and surely make it more difficult for thieves in public office in the next administration to hide their ill-gotten wealth," the 39-year old lawmaker said.

"Had this bill been passed earlier on, then the government would have had no problems in examining the bank accounts and investments of former Agriculture Secretary Joc-joc Bolante, State Prosecutor John Resado, and even President Arroyo," Escudero said.

The senator made the call in the wake of speculations regarding the source of President Arroyo's assets which a report said grew significantly since she took power in 2001.

Escudero explained that Senate Bill No. 1476 (SBN 1476), which was among the bills he sponsored during his first year as senator, puts in place a mechanism which will allow the government to audit the finances of public officials.

He said the bill would require public officials and employees to submit a written permission or waiver in favor of the Ombudsman to look into all deposits of whatever nature with banks or banking institutions.

"This covers both those within and outside the Philippines including investment bonds issued by the government," he said.

The waiver is to be contained in the SALN (statement of assets and liabilities and net worth) of all government officials and employees.

Escudero said his proposed law will not only plug loopholes in the anti-graft and corruption efforts of the government, but also aid the government recover ill-gotten funds and assets.