Hontiveros Questions GSIS over P1-B Online Gambling Investment

GSIS online gambling investments probed

SEN. Erwin Tulfo said on Tuesday that he would initiate an investigation into the reported P1-billion investment by the Government Service Insurance System (GSIS) in online gambling.“I just wanted to express my support for what our good Sen. Risa Hontiveros had said regarding her exposé on what’s happening at the GSIS under the administration of Jose Arnulfo Veloso,” Tulfo, who heads the Senate Committee on Games and Amusement, said on Tuesday.T…

Hontiveros questions GSIS over P1-B online gambling investment

MANILA, Philippines — “Why did the Government Service Insurance System (GSIS) invest in online gambling?” Senate Deputy Minority Leader Risa Hontiveros raised this question on Tuesday as she criticized the GSIS for allegedly investing over P1 billion of its funds in online gambling. In her privilege speech delivered during the chamber’s plenary session, Hontiveros said the GSIS invested in the online gambling platform DigiPlus. “GSIS got into th…

GSIS asked: Why invest P1 billion in online gambling?

Sen. Risa Hontiveros expressed concern over the investment decisions made by the Government Service Insurance System, including its purchase of preferred shares and its stake in an online gambling platform.

Hontiveros: GSIS invested P1 billion in online gambling platform

Senator Risa Hontiveros on Tuesday alleged that P1 billion worth of members’ savings was invested by the Government Service Insurance System (GSIS) in an online gambling platform.