Pagcor loss in casino scam might have been jacked up By Charlie V. Manalo 08/19/2011

Pagcor loss in casino scam might have been jacked up

By Charlie V. Manalo 08/19/2011

A senior lawmaker yesterday said the losses incurred by Philippine Amusement and Gaming Corp. (Pagcor) in the casino scam involving foreigners might have been jacked up, based on the original information contained in the complaint sheet.

This even as the solon added Pagcor had all the chance to apprehend one of the primary suspects in the scam had it wanted to.

In an interview, Cavite Rep. Elpidio Barzaga bared that based on the information on the original complaint sheet, Pagcor officials pegged the losses of the three casinos at only P956,000.

However, the information was later amended to report a joint loss for the three casinos at P158 million..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/nation/20110819nat1.html