Philippine Amusement and Gaming Corporation

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    Date: 2023-05-12 10:50:16.924990

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    Date: 2023-05-16 16:34:34.649855

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Is failure to pay loan Shark is criminal offense?

Requested from PAGCOR by P. Das at 10:50 AM on May 12, 2023.
Purpose: Personal Inquiry to take appropriate action
Date of Coverage: 05/11/2023 - 05/12/2023
Tracking no: #PAGCOR-265286365921

Das 10:50 AM, May 12, 2023 

Hi ! I would like to know information about
- is it legal to have some loan sharks inside the casino area with 20 % interest rate per week?
Is it legal to practice lending without license?

Tismo 04:34 PM, May 16, 2023 

May 16, 2023

Dear Prithes Das,

Greetings!

In response to request dated May 12, 2023 10:50:16 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for confirmation whether it is legal for loan sharks/lending companies to operate inside casinos. 

We were able to determine that this particular information is already available online. Please follow the link below:
https://www.pagcor.ph/press-releases/press-statement-casino-related-kidnappings.php 

Thank you.

Respectfully,


James Thaddeus Tismo
FOI Receiving Officer

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