Megawide downplays arrest warrant: ‘Procedural ‘ lang daw

Construction and engineering firm Megawide Corp. described as purely procedural the arrest warrants issued against its directors for allegedly violating the Anti-Dummy Law in the operations of the Mactan-Cebu International Airport (MCIA).

“This is a procedural step to acquire jurisdiction over the persons of the said directors, and is being addressed with the posting of bail,” Megawide said following receipt of the warrants of arrests issued by the Regional Trial Court of Lapu-Lapu City.

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Megawide, which leads a consortium that won a 25-year contract to expand and operate MCIA in 2014, said it would abide by the judicial process and “diligently respond to this case in the proper fora.”

Impleaded in the case were Megawide CEO and president Edgar Saavedra, infrastructure development and chief corporate affairs Manuel Louie Ferrer, director Oliver Tan, and AVP for corporate finance and planning Jez G. Dela Cruz as well as GMCAC chief executive advisor Andrew Acquaah-Harrison, Srinivas Bommidala Sripathy, Vivek Singhal, Ravi Bhatnagar, Ravishankar Saravu, Michael Lenane, Sudarshan MD alias Sudarshan, Madhav Doddathota, Kumar Gaurav, Magesh Nambiar alias Magesh, Perayil Kanneth and Rajesh Madan.

Megawide officials were accused of allowing their Indian partners to take over the management of the MCIA in violation of the Anti-Dummy Law.

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Steve Y. Dicdican, the general manager and CEO of the Mactan Cebu International Airport Authority, was also named as respondent for “knowingly assisting, aiding, and abetting the commission of a violation of the Anti-Dummy Law.”

“This is the latest development in a long line of attempts to bring down Megawide’s reputation and credibility that, will be recalled, began with its bid for the rehabilitation of NAIA (Ninoy Aquino International Airport),” Megawide said in a statement.

“GMCAC transformed the Mactan-Cebu International Airport into the Philippines’ only internationally-acclaimed and award-winning airport, and have done so through a firm adherence with all applicable laws, rules, and regulations, particularly as both are widely-held publicly-listed companies,” said Megawide.

The Saavedra-led company has sought the dismissal of the case for lack probable cause and due process.

“Despite the timely filing of such Omnibus motion, the RTC proceeded with the issuance of the warrants of arrest,” Megawide said.

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