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Tag: Legacy firms

Why ethics?

martinez zialcita-ed nograles1

The Legacy beneficiaries -From left, Martinez, Zialcita, Nograles

After last Monday’s Senate hearing on the Legacy group of companies debacle which saw millions of pesos of hard-earned savings by thousands of not-so-rich investors vanish into a few people’s pockets, House Speaker Prospero Nograles was asked by reporters if Parañaque Representative Eduardo Zialcita (1st district) would have to face the Ethics Committee.

Nograles replied, “Why ethics? Who is the complainant, who is complaining against him?”

For Nograles to ask “Why ethics” reveals the depth of moral degradation among government officials.