"What this Country needs is not a change OF men but a change IN men" March 1980

Saturday, January 24, 2009

Gregorio's recantation proof of massive corruption

The recantation of Feshan Phils. President Julie Gregorio merely showed that a huge chunk of the funds purportedly intended for the Department of Agriculture's (DA's) Farm Input- Farm Implement (FIFI) project ended up in some individuals' pockets, Independent Senator Richard J. Gordon said today.

Gordon, chairman of the Senate blue ribbon panel, said that based on Gregorio's admission regarding the real cost of the fertilizers, only a small part of the fund really went to the actual purchase of fertilizers.

"Ms. Gregorio sold the fertilizers at P150 per bottle but some individuals passed it at P1,500 each. So this is enough proof that this fund was really stolen," he said at the 7th public hearing on the P728-million fertilizer fund scam.

Gregorio, whose company was the largest supplier of fertilizer for P728-million fertilizer fund scam allegedly engineered by former agriculture undersecretary Jocelyn Bolante, recanted parts of her first testimony and apologized to the blue ribbon panel for her misleading statement.

She belied her earlier claim that the fertilizers cost P600 per bottle, admitting that they really only cost P150 each.

Gregorio also added that she found her earlier disclosure that the total amount deposited in Feshan's Land Bank Elliptical Road Branch account was only P102 million to be false as she recently discovered when she requested for copies of the bank statements of the account, that total deposits actually amounted to P152.8 million.

Gordon said Gregorio's recantation was clear.

"Ang recantation malinaw. Admission against interest practically yun dahil ang sinasabi niya nangyari ito dahil napilitan siya kasi gusto nyang ipagbili yung stock ng Feshan at nabigyan siya ng pagkakataon," he said.

Gordon noted that the Feshan president apparently did not get a huge profit from the project.

"She earned a very meager profit. It also appears that she was not the signatory in the Feshan account but Marilyn Aytona, the friend of both Paule (Jaime) and Aytona (Marites). They signed the checks and the money was released," he said..

"They also mentioned tax amnesty. It was clear that the tax amnesty was used to erase Feshan's tax obligation or else Feshan would also pay for it," Gordon added.

4 Comments:

Blogger ninest123 Ninest said...

ninest123 10.26
nike outlet, michael kors outlet, michael kors outlet online, gucci handbags, louis vuitton outlet, ugg boots, replica watches, polo outlet, burberry handbags, christian louboutin shoes, polo ralph lauren outlet online, christian louboutin outlet, oakley sunglasses, uggs outlet, christian louboutin, louis vuitton outlet, ugg boots, michael kors outlet, chanel handbags, ray ban sunglasses, jordan shoes, prada outlet, oakley sunglasses wholesale, nike air max, cheap oakley sunglasses, michael kors outlet online, uggs on sale, burberry outlet, oakley sunglasses, louis vuitton, christian louboutin uk, kate spade outlet, nike free, louis vuitton outlet, tiffany and co, replica watches, nike air max, longchamp outlet, uggs outlet, longchamp outlet, tiffany jewelry, longchamp outlet, ray ban sunglasses, michael kors outlet online, louis vuitton, prada handbags, michael kors outlet store, ray ban sunglasses

8:27 PM

 
Blogger ninest123 Ninest said...

sac vanessa bruno, louboutin pas cher, new balance, hollister uk, coach outlet store online, longchamp pas cher, nike tn, nike air max uk, north face, true religion outlet, lululemon canada, michael kors outlet, true religion outlet, coach purses, abercrombie and fitch uk, sac longchamp pas cher, polo ralph lauren, ray ban uk, vans pas cher, nike free run, air max, michael kors, north face uk, hollister pas cher, oakley pas cher, converse pas cher, nike free uk, nike air force, true religion outlet, coach outlet, jordan pas cher, sac hermes, guess pas cher, nike roshe, polo lacoste, nike roshe run uk, michael kors pas cher, ray ban pas cher, nike air max uk, kate spade, burberry pas cher, nike air max, nike blazer pas cher, ralph lauren uk, coach outlet, michael kors, hogan outlet, mulberry uk, timberland pas cher, true religion jeans

8:29 PM

 
Blogger ninest123 Ninest said...

mac cosmetics, gucci, hollister, herve leger, babyliss, hermes belt, soccer jerseys, nike trainers uk, celine handbags, vans, abercrombie and fitch, jimmy choo outlet, giuseppe zanotti outlet, nike air max, ferragamo shoes, lululemon, ray ban, ralph lauren, iphone 6 cases, converse outlet, asics running shoes, ghd hair, north face outlet, valentino shoes, timberland boots, insanity workout, nike air max, north face outlet, nfl jerseys, chi flat iron, hollister, vans outlet, beats by dre, soccer shoes, longchamp uk, p90x workout, louboutin, oakley, mont blanc pens, mcm handbags, converse, reebok outlet, hollister clothing, baseball bats, wedding dresses, nike roshe run, bottega veneta, new balance shoes, nike huaraches, instyler, tory burch outlet, oakley sunglasses

8:30 PM

 
Blogger ninest123 Ninest said...

louis vuitton, thomas sabo, michael kors outlet, louis vuitton, pandora jewelry, swarovski crystal, canada goose outlet, juicy couture outlet, barbour, louis vuitton, canada goose jackets, hollister, marc jacobs, barbour uk, moncler outlet, louis vuitton, canada goose outlet, supra shoes, canada goose, canada goose outlet, moncler uk, michael kors outlet online, toms shoes, wedding dresses, pandora jewelry, ugg pas cher, ugg,ugg australia,ugg italia, swarovski, doudoune moncler, moncler, pandora uk, moncler, moncler, juicy couture outlet, michael kors handbags, replica watches, ugg,uggs,uggs canada, ugg uk, pandora charms, louis vuitton, montre pas cher, moncler outlet, moncler, lancel, canada goose, ugg, doke gabbana, links of london, canada goose, karen millen uk, canada goose uk, coach outlet
ninest123 10.26

8:31 PM

 

Post a Comment

<< Home