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PTC must probe Code-NGO scam By Angie M. Rosales 10/22/2010

Friday, October 22, 2010

PTC must probe Code-NGO scam

By Angie M. Rosales 10/22/2010

What’s good for the goose, must also be good for the gander, the goose being a former president, while the gander would be her former allies, but are now members of the Aquino Cabinet.

The Philippine Truth Commission (PTC), a creation of President Aquino, has been claimed by its appointed chairman, former Supreme Court Chief Justice and former President Arroyo’s appointee to the United States as the country’s permanent representative, Justice Hilario Davide Jr., as not only focusing on the charges against Arroyo, but would include also the complaint against Sen. Manuel Villar on the C-5 controversy.

Now a senator wants the PTC to also look into the transaction that was participated in by some current Cabinet officials of President Aquino in the alleged rigged auction of government bonds in the early days of the Arroyo administration.

Sen. Edgardo Angara yesterday said the fact-finding body set up to investigate alleged anomalies committed during the previous administration, should also include the so-called PEACe Bonds controversy, the alleged multibillion-peso scam where the group called Caucus of Development NGO Networks (Code-NGO) earned a windfall profit of over P1 billion, tax-free for the floating of the P10-billion bond..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20101022hed1.html

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