Administrative Order No. 92, April 14, 1964

CREATING A COMMITTEE TO INVESTIGATE ALLEGED KICKBACKS WITH RESPECT TO GOVERNMENT DEPOSITS IN PRIVATE COMMERCIAL BANKS AND TO DEVICE WAYS AND MEANS FOR STOPPING OR PREVENTING THE SAME.

A committee is hereby created to investigate alleged kickbacks with respect to deposits of the government and its branches, agencies, or instrumentalities, including government-owned or controlled corporations, in private commercial banks and to formulate ways and means to stop or prevent such anomalies. It shall be composed of the following:

Hon. Rufino G. Hechanova, Secretary of Finance

Hon. Andres V. Castillo, Governor of the Central Bank

For the purpose of the investigation, the committee is hereby granted all the powers of an investigating committee under sections 71 and 580 of the Revised Administrative Code, including the power to summon witnesses, administer oaths, and take testimony or evidence relevant to the investigation.

The committee is empowered to call upon any department. bureau, office, agency, or instrumentality of the government for such assistance as it may need in the performance of its duties.

The committee shall submit its report and recommendations to the President of the Philippines as soon as possible, particularly on the proper and effective ways and means of stopping the anomalies.

Done in the City of Manila, this 14th day of April, in the year of Our Lord, nineteen hundred and sixty-four.

(Sgd.) DIOSDADO MACAPAGAL

President of the Philippines

By the President:

(Sgd.) CALIXTO O. ZALDIVAR

Acting Executive Secretary