SC resolves AMWSLAI board row

The Supreme Court has resolved with finality the leadership row in the P14-billion Air Materiel Wing Savings and Loan Association Inc. (AMWSLAI) cooperative by affirming the validity of the election of the new AMWSLAI board members last Jan. 18.

AMWSLAI has 230,000 active and retired members of the Armed Forces and the Philippine National Police as members.

In a 12-page resolution penned by Associate Justice Consuelo Ynares-Santiago and promulgated last April 29, the Supreme Court’s Third Division denied “for lack of merit” the “very urgent omnibus motion” filed by the group of retired police Col. Luvin Manay.

With the denial of the omnibus motion, the tribunal upheld the legitimacy of the election of retired Air Force Col. Ricardo Nolasco Jr. and seven others as members of the AMWSLAI board of trustees.

Also elected to the AMWSLAI board in the Jan. 18 election were retired Air Force officials Thaddeus Estalilla, Morado Mercado, Ismael Abad, Ricardo Perido, Angel Tapac, Antonio Gumba, and Cesar Toledanes. They, together with Rolando Caca­belos, Odelon Mendoza, and Cedric Reyes who were elected in 2006, now compose the AMWSLAI 11-member board of trustees.