BY JOCELYN MONTEMAYOR
EDUARDO Mañalac yesterday said he resigned as president of the Philippine National Oil Co. because he feared he would be turned by the Palace into a Jocelyn “Joc Joc” Bolante for the May mid-term elections.
Bolante, former agriculture undersecretary, was tagged by a Senate investigation as the architect of the diversion of P728 million for fertilizers to the campaign chest of President Arroyo last 2004. He is detained in a Wisconsin detention facility over problems with his US visa.
Mañalac, in a radio interview, said he was pressured by Planning Secretary Romulo Neri to come up with P500 million to finance a nationwide program to plant jatropha, a shrub whose fruits yield a substitute for diesel.