Bayan Muna to challenge Maharlika bill before Supreme Court

MALAYBALAY CITY —Bayan Muna will challenge before the Supreme Court the controversial Maharlika Investment Fund bill recently approved by Congress for being “unconstitutional”.In a post on his social media page on Friday , former Bayan Muna representative Neri Colmenares said the Senate rushed the approval of the bill in violation of Article VI, Section 26 of the 1987 Constitution resulting in “discrepancies and errors” in the bill.

“Presuming they have a copy of the bill, the senators could not have even studied the bill if the amendments inserted were indeed those that they agreed upon during the second reading,” he said. A sovereign wealth fund, the MIF will be managed by a government company called the Maharlika Investment Corp .

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