PCSO funds in millions of pesos, records, missing By Angie M. Rosales 07/15/2011

PCSO funds in millions of pesos, records, missing

By Angie M. Rosales 07/15/2011

On top of the questioned hundreds of millions of pesos of intelligence funds spent by Philippine Charity Sweepstakes Office (PCSO) months before the 2010 presidential elections, its embattled former general manager reportedly managed to encash checks totalling P102 million which charge she refused to explain to senators.

Alongside this development, Senate probers were also told that records pertaining to the additional P54 million intelligence funds of the agency in 2007, also an election year, appear to be “missing” or unaccounted for as there exists no records to support its disbursement.

Former PCSO officials also allegedly failed to turn over some so-called “unclaimed” lotto cash prizes, running in hundreds of millions of pesos, to the agency’s “charity fund” which serves as its pool of funds for medical and other assistance to indigent individuals..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110715hed2.html