GMA gave friends, NGOs huge financial help
09/09/2010
Rep. Gloria Arroyo, during her term as president, gave out financial assistance to allies and non-government organizations (NGOs) but failed to liquidate such financial aid, the Commission on Audit (CoA) said, placing the amount at a little less than half a billion, or P447 million.
The CoA said 13 foundations and NGOs received the financial assistance despite the absence of required documents. The CoA also said the former President failed to liquidate P594 million.
Most of the recipients were from the second district of Pampanga where she ran as representative.
Among the recipients of the financial assistance were the ICTSI Foundation and the Philippine Good Work Foundation. The 2009 annual audit report for the Office of the President also showed that these foundations were given P100 million each despite the absence of supporting documents.
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20100909hed4.html
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