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Home News National

TMA ordered to return P702 million

Manila StandardbyManila Standard
March 15, 2021, 11:50 pm
in National
Reading Time: 1 min read
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The Regional Trial Court of Makati City, in its February 15, 2021, Writ of Execution, ordered the TMA Group of Companies Pty Ltd. (now known as TMA Australia PTY Ltd.) and TMA Group of Philippines Inc. to immediately return PCSO’s funds that TMA had previously garnished.

Such order stemmed from the August 28, 2019 decision of the Supreme Court declaring the orders of the court to garnish PCSO funds as void.

Meanwhile, a bettor from Negros Occidental bagged the P4-million jackpot prize on Sunday night’s draw of the Super Lotto 6/49, the Philippine Charity Sweepstakes Office said Monday.

The bettor guessed the winning combination 49-46-25-42-39-37 with a jackpot of P24,110,508.40.

The ticket was purchased in Himamaylan, Negros Occidental.

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The Notice of Compliance and Writ of Execution were served at TMA’s business office address in Calamba, Laguna, while Notices of Garnishment were served to several banks directing them to garnish any other receivable/s and personal properties in their possession or under their control belonging to TMA, among others.

According to PCSO General Manager Royina Marzan Garma, the decision of the Makati RTC came at a very opportune time when the government is struggling for funds to support the COVID-19 pandemic measures. The more than P707 million funds to be returned to PCSO will help a long way in the provision of medical assistance to Filipinos particularly the poorest of the poor.

Tags: fundsMakati CityPCSORegional Trial CourtRoyina Marzan Garma
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