Ex-DFA secretary arrested for violating banking laws

Ex-DFA secretary arrested for violating banking laws

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Former Foreign Affairs secretary Perfecto Yasay Jr. was arrested on Thursday after the Manila regional trial court issued a warrant for alleged violation of banking laws.

Yasay’s arrest was ordered by Judge Danilo Leyva, Presiding Judge of Manila RTC Branch 10.

He was arrested for alleged violation of Republic Act 8791 and Republic Act 7653 or the General Banking Law and the New Central Bank Act respectively.

Yasay was accused of alleged complicity in a loan involving Banco Filipino Savings and Mortgages Bank.

” I’m not posting bail until i am brought before the judge where I will question this abuse of process and travesty of justice. Please include me in you prayers for my deliverance,” Yasay said in a Facebook post.

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