MANILA ? Two Social Security System officials linked to a stock investment controversy have resigned, the pension fund’s chairman Amado Valdez said.

The SSS officials are Vice President for Equities Investment Division Reginald Candelaria and Senior Vice President and Chief actuary George Ongkeko Jr.

Candelaria filed his resignation last week while Ongkeko filed his last month. The SSS commission has already accepted the former’s resignation, while the latter’s is still on hold pending clearance.

Valdez said the resignation is somehow connected with the ongoing investigation but refused to explain further. Asked for the main reason, he said: “Perhaps they want to purse other opportunities.”

Candelaria, along with Ernesto Francisco, are facing allegations of withholding from the SSS information on stock investment prospects and then buying the stock for themselves. Ongkeko, meanwhile, was named in the complaint for allegedly failing to “ensure strict compliance” to SSS policies as head of the risk management group. ? (Source: ABS-CBN News)

Leave a Reply