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Calls mount for Soliman probe over bonds mess By Gerry Baldo and Pat C. Santos 10/25/2010

Monday, October 25, 2010

 DSWD CHIEF BREAKS DOWN AT FORUM

Calls mount for Soliman probe over bonds mess

By Gerry Baldo and Pat C. Santos 10/25/2010

Calls for the Philippine Truth Commission (PTC) to probe Social Welfare Secretary Corazon “Dinky” Soliman and other members of the Aquino Cabinet who figured in the P10-billion Poverty Eradication and Alleviation Certificate (PEACe) bonds scam mounted yesterday as three members of the House of Representatives joined Sen. Edgardo Angara in the proposal.

The PEACe bonds are set to mature next year and for the original P10 billion bonds issued, the government will have to pay P37 billion because of interests.

Soliman used to head the group Caucus of NGO Networks (Code NGO) which earned P1.4 billion in commissions from the issue of government-guaranteed zero-coupon bonds in 2001 that were called PEACe bonds. The bond scheme was allegedly conceptualized by a group headed by Marissa Camacho-Reyes, the sister of Arroyo’s former Finance Secretary Jose Isidro Camacho.

Lawmakers said that Soliman and other members of the Arroyo Cabinet should be among those investigated by the Truth Commission..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20101025hed1.html

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