00:00 Following the contribution of the Land Bank and Development Bank of the Philippines
00:04 to the Maharlika Investment Fund,
00:06 a petition was filed to the Supreme Court to stop this action.
00:11 Senator Coco Pimentel and the group Bayan Muna
00:15 filed a petition for certiorari and prohibition yesterday.
00:19 They also requested a temporary restraining order.
00:22 They are urging the unconstitutional declaration of the MIF Act.
00:27 They said that the law has violated many things,
00:30 such as the non-compliance with the test of economic viability
00:34 and the lack of independence of the Central Bank of the Philippines.
00:38 The money transfer to the Maharlika Investment Fund should be stopped immediately.
00:43 Respondents of the petition called on Executive Secretary Lucas Bersamin,
00:48 Finance Secretary Benjamin Diokno, the Senate and the House of Representatives.
00:52 They are also trying to get a statement.
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00:58 [speaking Filipino]
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