REYES, MILITARY CHIEFS’ GET P500M SLUSH FUND
Ex-AFP budget chief drops big payola bomb vs Angie
By Angie M. Rosales 01/28/2011It really pays to be the chiefs of staff of the Armed Forces of the Philippines (AFP) as they end up becoming instant millionaires.
Apart from getting “send-off” money in the millions upon their retirement from the service, they even have close to half a million pesos in “slush funds” yearly at their disposal — despite the fact that these “monetary perks” enjoyed by the various military chiefs are not allotted in the military budget.
Former Defense Secretary Angelo Reyes and other former AFP chiefs of staff were alleged to have a P480 million “slush fund” at their disposal at one time, a former comrade and military budget officer-turned surprise witness divulged before Senate probers yesterday.
Reyes, according to Col. (ret.) George Rabusa, also received P50 million as a “parting gift” when he retired from his 37 years of service in the military in 2002, on top of the P5 million he allegedly received monthly, in
the last 15 months of his tour of duty, for personal use and another P5 million for his office expenses, taken from the said “slush fund.”.... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20110128hed3.html
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