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Noy warned on ‘lavish spending’ 01/18/2011

Tuesday, January 18, 2011

Noy warned on ‘lavish spending’

01/18/2011
Can President Aquino be accused of conspicuous consumption?

Sen. Miriam Defensor-Santiago yesterday posed this question when sought for a reaction on the reported latest acquisition of the Chief Executive, a P4.5-million 2007 Porsche, said to have a market value of P7 to P9 million even if pre-owned.

“You know we have a provision in the Civil Code, that if the country is facing a national emergency, you can go to court and prohibit a rich person from flaunting his wealth. So I don’t know if other people might want to avail themselves of this remedy under the Civil Code,” she said.

The lawmaker, however, steered clear from issuing her opinion on the matter, being a former trial court judge, on mere speculation..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110118hed6.html

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