Romualdez assures business sector: Maharlika Fund has safeguards vs abuse

📆 24/02/2023 12:32 م
📰 inquirerdotnet

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The safeguards placed on the proposal to create the country’s first sovereign wealth fund are enough to protect it from potential abuse, House Speaker Ferdinand Martin Romualdez told the business sector. | GabrielLaluINQ

Romualdez, in particular mentioned these six proactive safety checks under HB No. 6608:

MIC operations will be monitored by the Maharlika Investment Fund Joint Congressional Oversight Committee “If these pro-active provisions are not enough, House Bill No. 6608 also provides heavy penal provisions and criminal sanctions to hold accountable and punish any director, trustee, or corporate officer who is proven to have abused the management of the Maharlika Investment Fund,” Romualdez noted.

اكتب تعليق

GabrielLaluINQ Yeah right.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

مصر أحدث الأخبار, مصر عناوين