PRESIDENT FERDINAND R. MARCOS, JR. — PHILIPPINE STAR/KRIZ JOHN ROSALES

THE Palace on Monday said President Ferdinand R. Marcos, Jr. is studying and taking a “measured” approach toward calls for the resignation of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo “Wick” A. Veloso over alleged gross mismanagement and policy violations.

Palace Press Officer Clarissa A. Castro said the President wants agency leaders to demonstrate accountability and proper leadership.

“The President wants officials who fulfill their obligations and exercise sound leadership,” she told a press briefing in Filipino.

“For now, the matter is being carefully reviewed. If there is a basis for the allegations, the President will decide accordingly.”

Mr. Veloso is facing accusations of authorizing high-risk, non-compliant investments that allegedly caused P8.8 billion in cumulative losses for the state pension fund.

The GSIS chief has already responded to the claims, denying wrongdoing. He had also publicly rejected the resignation calls, asserting that the GSIS pension fund remains solvent and has a fund life extending up to 2058. — Chloe Mari A. Hufana

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