Presidential Commission on Good Government Intervention in Intercontinental Broadcasting Corporation13 Disbursements

OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 057 CIRCULAR LETTER NO. CL-2020- ___ To : All Banks and Non-Bank Financial Institutions Subject : Presidential Commission on Good Government Intervention in Intercontinental Broadcasting Corporation 13 Disbursements This is to disseminate to all banks and non-bank financial institutions (NBFIs) the attached 18 July 2020 letter from the Presidential Commission on Good Government (PCGG) informing that Intercontinental Broadcasting Corporation 13 (IBC 13) is no longer under sequestration by virtue of the compromise judgment on 2 October 1992 and affirmed by the Supreme Court in Republic vs. Sandiganbayan, G.R. No. 108292 dated 10 September 1993. This notice is in relation to the signing of transmittal letters of sequestered companies covering disbursements which are pre-audited by the PCGG-designated signatories. For information and guidance. Digitally signed by DG Chuchi G. Fonacier Date: 02 December 2020 CHUCHI G. FONACIER Deputy Governor 02 December 2020 A. Mabini St., Malate 1004 Manila, Philippines⚫(632) 8708-7701⚫www.bsp.gov.ph⚫[email protected]