There have been several versions to the bill seeking to create the Maharlika Investment Fund since it was filed, and the latest version, House Bill No. 6608, was not spared from it. | GabrielLaluINQ
“And let a new paragraph be inserted: ‘Any prosecution under this Section shall be without prejudice to the filing of cases under Republic Act 7080 or the Plunder Law, Republic Act 3019 or the Anti-Graft and Corrupt Practices Act, Republic Act 386 or the Revised Penal Code, and other laws applicable to plunder, the acquisition of ill-gotten wealth, and similar acts and omissions’,” she added.
“Mr. Speaker the Majority also does not agree, and reject the proposed amendment,” Deputy Majority Leader and Isabela 1st District Rep. Tonypet Albano added. “Mr. Speaker, if the proponents would accept the middle ground that I will propose, can we have it 25 percent?” Castro asked, leading to chuckles from both sides.“Your Honor, we accept, 25 ,” Salceda replied back, after the session was suspended briefly to let the lawmakers discuss the issue.
Removal of sentence “Other GFIs and government-owned or -controlled corporations may be authorized to contribute to the MIF, subject to their respective investment and risk management strategies” under Section 11, Capitalization and Funding
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