Estrada seeks reopening of PEACe bonds scam probe
11/30/2011The Senate blue ribbon and ways and means committees were directed yesterday to reopen their probe into the alleged grossly disadvantageous transaction behind the P35-billion Poverty Eradication and Alleviation Certificates (PEACe) bonds and finally put closure to the case.
Senate President Pro Tempore Jinggoy Estrada filed Resolution 638 directing the two committees to conduct an inquiry in aid of legislation into the government’s borrowing process in relation to the issuance of PEACe bonds and determine who are the accountable personalities behind this deal.
The issuance of the PEACe bonds was considered done through a sweetheart deal with the previous ad-ministration of President Arroyo that resulted in its architect, the Caucus of Development NGO Net-works, which had as its officials now Social Welfare Secretary Dinky Soliman and Presidential Adviser on the Peace Process Ging Deles, to earn P1.3 billion in quick windfalls..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20111130hed3.html
1 comment
dapat imbestigahan muli pero galingan ninyo nang matukoy at makatulong makulong ang mga salarin, kung meron.
"The issuance of the PEACe bonds was considered done through a sweetheart deal with the previous ad-ministration of President Arroyo that resulted in its architect, the Caucus of Development NGO Net-works, which had as its officials now Social Welfare Secretary Dinky Soliman and Presidential Adviser on the Peace Process Ging Deles, to earn P1.3 billion in quick windfalls."
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