Ahem. Ang gaba dili magsaba?

BREAKING The Supreme Court has ordered Cebu governor Gwen Garcia to pay damages to HSBC in the amount of US$700,000.00 plus 12% interest per annum to be reckoned from 2000 as well as legal fees.

At USD1 = PHP57;
thats roughly ₱39,900,000.00 plus the interest since 2000 or 24 years.


The Supreme Court has denied the petition of Cebu Gov. Gwendolyn Garcia that challenged the alias writ of execution for her to pay damages to HSBC for failing to settle her debt, and called her out for filing “dilatory petitions.”

The SC Second Division directed the Makati Regional Trial Court to execute its August 22, 2012 resolution that had affirmed a ruling for Garcia to pay HSBC $700,000 in damages, plus 12 percent legal interest from July 17, 2000, and P404,560.50 as cost of suit.

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[eric214]

kawawa mga cebuano nyan. ubusin kaban ng cebu para makabayad sa sariling utang

 

[m1st3rz3r0]

Cebu idol hahahaah

 

[Qwerty_22_Asdf]

I wonder how much was her original debt

 

[ZummerSoltice]

kawawa mga cebuano nyan. ubusin kaban ng cebu para makabayad sa sariling utang

Tapos One of the Richest province. Wa gabai.

Cebu idol hahahaah

Shoutout sir sayo

I wonder how much was her original debt

The case dates back to 1996, when Garcia took out a $900,000 loan from HSBC to buy a cargo barge for her company, GGC Enterprises. When she failed to pay, HSBC sued her. By 2001, the court ruled that she owed the bank nearly $900,000, which was later reduced to $700,000.

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[eric214]

di na nahiya tong matandang to gahaman masyado. gahig nawong

 

[ZummerSoltice]

di na nahiya tong matandang to gahaman masyado. gahig nawong

Makapal talaga pops. Tapos balimbing.