Mother of all scams
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The rice importation scam could be yet the biggest scandal that Noynoy can dig up on Gloria and her cohorts of nine years — that is if the claims made by the National Food Authority (NFA) of overstocking rotting rice are true, because logically, the manipulation of prices of the grains affected the whole world while the importing syndicates and the source of the purchased rice reaped huge windfalls which is highly probable.
It is a monumental sting that only the most corrupt administration can ever think of.
Such an operation would be elaborate in making use of state officials on both ends and the possible involvement of grains traders to drive up the prices of rice in the world market.
It would also be a combination of private and NFA importations needed to push prices at record levels..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110123com1.html
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