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The Bangko Sentral ng Pilipinas (BSP) on Friday said it will refrain from giving any comment on the arrest of former Department of Foreign Affairs Sec. Perfecto Yasay Jr., over his alleged connection with an anomalous bank loan in early 2000.

“The Bangko Sentral ng Pilipinas will not issue any comment as the matter is pending before the court and to do so would violate sub judice rule,” the central bank said in a statement released on Friday.

On Thursday night, police from Manila Police District arrested the former top diplomat due to allegedly violating the country’s banking laws.

“The service of the Warrant of Arrest against Perfecto R. Yasay, Jr. is a consequence of the filing of criminal information by the Department of Justice before the court,” the BSP said.

“A judge issued the said warrant pursuant to the provisions of the Rules of Court. The Bangko Sentral will not issue any comment as the matter is pending before the court and to do so would violate ‘sub judicerule’.” it added.

BSP would now let the court handle the case before providing any statement.

Yasay was accused of violating General Banking Law and New Central Bank Act together with other four former officials of Banco Filipino.

However, Yasay condemned the allegations against him and said that he is innocent. He clarified that the crimes were committed in 2003 to 2006, but he became the director of the bank in 2009.

He was released from police custody on Friday shortly after posting a total of P244,000 bail in court to secure temporary liberty pending the resolution of charges filed against him.

(With reports from Bombo Christian Yosores)