Controversial Code NGO Peace Bonds probe revived
By Gerry Baldo 07/16/2010 It stank during President Arroyo’s time. It still stinks even with a new president and administration. The controversial Peace Bonds that earned a windfall profit of P1.48-billion for the Code NGO then headed by now Social Welfare and Development Secretary Dinky Soliman, along with the sister of then Finance Secretary Isidro Camacho, should be investigated and that people behind it should be held accountable for the mess that allegedly duped the Philippine government in billions of pesos. The P10 billion Peace Bonds float where a group of civil socialites made a killing in commissions plus another P1 billion plus tax free that went to Code NGO, which funds are not accountable, will have Filipinos paying some P35 billion to pay off these peacebonds. Cagayan de Oro City Rep. Rufus Rodriguez and Abante Mindanao party-list Rep. Maximo Rodriguez, in House Resolution (HR) No. 58, said that an investigation into the controversy should be done by the House committee on good government. The lawmakers said that those involved in the issue, including officials of the Department of Finance (DoF), the Bureau of Treasury, Code-NGO and other individuals, entities and corporations which could shed light and resolve the issue should be summoned by the House to explain what happened with the 10-year zero coupon Treasury Notes that had been auctioned off by the Bureau of Treasury as the Peace (Poverty Eradication and Alleviation Certificates) Bonds. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100716hed3.html |
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