Tuesday, April 01, 2008

P900- Million Swine Scam

We should start butchering those two-legged pigs in Malacanang and their cohorts. It appears that the Department of Agriculture was the source GMA’s 2004 election campaign funds. Gloria Arroyo and her cohorts’ allegedly malversed public funds for their personal interest. Joc-joc Bolante‘s P728 M fertilizer scam allegedly used to bribe congressmen and provincial governors to support Gloria’s candidacy. Public funds were diverted to ex-Comelec commissionaire Virgilio Garcillano’s election cheating operations in favor of Gloria Arroyo. The ghost of Hello Garci political scandal keeps haunting bogus Philippine President Gloria Arroyo.

GMA’s involvement in ‘Swine Scam’ seen in EO 322

Daily Tribune 04/03/2008

Where a direct link to President Arroyo in the P3-billion fertilizer funds scam was not quite established, this time, that direct presidential link to the “Swine Scam” is definitively marked with Mrs. Arroyo’s involvement, as evidenced by Executive Order (EO) 322, which effected the transfer of the Quedan and Rural Credit Gurantee Corp. (Quedancor) from the Department of Agriculture to the Office of the President.

Noticeably EO 322 was issued on July 5, 2004.

By August, going back on her word that she would not seek the presidency in 2004, Mrs. Arroyo announced that she would be running for the top post after God had told her He wanted her to run for the presidency.

“The direct hand of Mrs. Arroyo in this Swine Scam cannot be denied, now that the EO 322 has been bared, which was clearly designed for the President to be able to skim off hundreds of millions and divert this amount, most likely to her election kitty,” Harry Roque, a lawyer and critic of the President yesterday, told the Tribune.

“That is the good news (direct linkage),” civil society lawyer Roque said. “The bad news is that since Quedancor has been transferred to the Office of the President, Malacañang can get away with this crime again, just by invoking executive privilege,” he added.

The Supreme Court, voting 9-6, upheld the President’s executive privilege even when a crime is involved.

Roque said the amounts in the hundreds of millions were likely diverted by Malacañang to fund Mrs. Arroyo’s presidential campaign in 2004, stressing that the balance was definitely spent during the election period, as shown by the Commission on Audit (CoA) report.

An even bigger amount has been suspected of having been diverted in 2005, after the EO was issued and Quedancor was ordered transferred directly under the President’s office.

Roque charged that there was P 5 billion in cash, P3 billion which was borrowed from the Land Bank and P2 billion borrowed from Equitable PCI. The collateral was government bonds which Roque said that in case of default, it will be Juan de la Cruz who will again be made to pay up.

The sum of P2.25B was reportedly intended to buy swine for distribution to marginalized farmers on credit. “Like the fertilizer scam, it was conceived and implemented in 2004, a presidential election year,”Roque stressed.

The pattern in the swine diversion scam and the fertilizer funds scam appears to be very similar, in that there were ghost deliveries noted as well as the way the hog farmers were made to sign receipts even when they never got the swine.

He added that a year after its launch, in 2005, the CoA reported that Quedancorp spent 1.66 billion but failed to account for the manner it was spent, which was roughly 60 percent of the amount equivalent to P 747 million.

This amount, he said, was classified as “unrecorded receivables.” The following year, Roque stated, CoA reported that of P1.66 billion, there was only a record that P176 million was actually received by farmers/beneficiaries. This means that P1.5 billion was already stolen, through ghost delivery.

“Moreover, field audit revealed that an almost overwhelming number of farmers were made to sign receipts for swines that they never received for sums ranging from P200 to P300 per signature,” Roque pointed out.

The CoA recommendation, from the documents obtained by Roque, showed that the agency’s recommendation was that action should be taken against those who may be found remiss in the discharge of their duties.

He said that in 2005, the CoA already reported that the collection of P755million was already doubtful. This amount classified as of doubtful collection was increased to P1.1 billion in 2006.

Roque also charged that the procurement of P1.66 billion worth of swines was done without bidding and supplied by four companies with interlocking directors and stockholders and which were not even accredited Swine Breeders Farms by the DA.

“All these companies had no track record as they were all incorporated only in 2003. None of them were accredited by the Bureau of Animal Industry

“All suppliers were paid in full in advance explaining why they all got paid a total of 1.66B when they only delivered 176M worth of swines.

“Further, there was also the ghost delivery of P47M of input supplies.

He noted that in 2006, it was also reported that there was interlocking of shareholders and directors of companies who received and the supplied the swines. Ex: Iloilo Feeds Corp, Nueva Foods and BORKS: NG family: Mary Ann Treasurer of Iloilo feeds, later became Chairman of BIRKS.

Roque also noted that Quedancorp engaged in quasi-banking without authority from the Bangko Sentral ng Pilipinas; loans incurred for Swine Program of 2.25 exceeded by P 750M ceiling that were approved by Monetary Board; Overstatement of cash inflow and outflow from Financing Activities: Proceeds:P188M, Payments P 264M; and overstatement of cash position by P195M

Roque said that P2.25B of funds from Landbank which could have been used to increase productivity of rice farmers was lost to graft and corruption on an election year and stated that the current rice crisis being experienced is due to corruption.

He named as responsible the members of the Board of Quedancorp including Agriculture chief Arthur Yap and then DA chief Cito Lorenzo.

Roque also questioned why Yap failed to act on the irregularities when Quedancor was informed of it as early as 2005. He noted an investigation was started only in 2006. By that time, he said, P1.66 billion had already been spent.

Part of the reason for the transfer, as stated in the EO was that which said that “in order to effectively oversee and implement agriculture development activities through an institutionalized and comprehensive financing and guarantee support system for the country’s agricultural sector, there is a need to transfer Quedancor from the Department of Agriculture to the Office of the President, and to reorganize the Government Board thereof” adding that under Section 31, Chapter 10, Title III, Book III of the administrative Code of 1987, the President has the continuing authority to reorganize the administrative structure of the Office of the President.

“With that EO transferring the Quedancor to the office of the President, Mrs. Arroyo can hardly deny that she knew nothing about these billions diverted,” Roque said.

Quedancor has P1.4-billion in unliquidated fund

Labels: , , , , ,


Anonymous Anonymous said...

Hmm it seems like your website ate my first comment (it was super long) so I guess I'll just sum it up what I submitted and say, I'm thoroughly enjoying your blog.
I as well am an aspiring blog writer but I'm still new to the whole thing. Do you have any points for first-time blog writers? I'd definitely appreciate it.

Feel free to surf to my weblog cost

9:00 PM  
Anonymous Anonymous said...

Greetings from Florida! I'm bored to death at work so I decided to browse your website on my iphone during lunch break. I love the information you provide here and can't wait to take a look when I
get home. I'm surprised at how fast your blog loaded on my cell phone .. I'm not even using WIFI, just 3G .
. Anyhow, very good blog!

my webpage; dekorativno

3:45 AM  
Anonymous Anonymous said...

Greetings from Florida! I'm bored to death at work so I decided to check out your site on my iphone during lunch break. I really like the information you present here and can't wait to take a look when
I get home. I'm amazed at how fast your blog loaded on my cell phone .. I'm
not even using WIFI, just 3G .. Anyhow, superb site!

Also visit my blog post - stumps tree

4:50 PM  
Anonymous Anonymous said...

I don't know whether it's just me or if everyone else encountering issues with your blog.
It seems like some of the written text on your posts are running off the screen.
Can someone else please provide feedback and let me know
if this is happening to them as well? This might be a
problem with my browser because I've had this happen before. Appreciate it

Here is my blog girlsblogspot.com

5:35 PM  
Anonymous Anonymous said...

Greetings. I am wondering if you may be interested
in doing a website link swap? I see your blog: http://www.
and my blog are centered around the same topic.
I'd love to swap links or possibly guest author a post for you. Here is my personal email: milagroslayne@gmail.com. Please contact me if you're even slightly
interested. Thanks for your time.

Look at my weblog ... understood

9:36 PM  
Anonymous Anonymous said...

I’m not that much of a internet reader to be
honest but your blogs really nice, keep it up! I'll go ahead and bookmark your site to come back later on. All the best

Check out my site - vaga

3:09 AM  
Anonymous Anonymous said...

With havin so much content and articles do you ever run into any problems of plagorism or copyright violation?

My site has a lot of completely unique content I've either authored myself or outsourced but it appears a lot of it is popping it up all over the web without my permission. Do you know any solutions to help protect against content from being ripped off? I'd definitely appreciate it.

my page ... pc
Also see my webpage > comp

1:23 PM  
Anonymous Anonymous said...

Greetings! I just found your web site: Blogger: Diego K.

Guerrero when I was exploring digg.com. It looks as though someone loved
your blog so much they decided to bookmark it.

I'll unquestionably be returning here more often.

Also visit my web blog Fc2.com

10:18 PM  
Anonymous Anonymous said...

Hey there, I think your website might be having browser compatibility issues.
When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, fantastic blog!

10:25 PM  
Anonymous Anonymous said...

Hi just wanted to give you a brief heads up and let you know a few of the pictures aren't loading properly. I'm
not sure why but I think its a linking issue. I've tried it in two different web browsers and both show the same results.

My website; heavy stumps

2:31 AM  
Anonymous Anonymous said...

I do trust all of the concepts you've offered to your post.

They're really convincing and can definitely work.
Still, the posts are too short for starters. May you please prolong them a little from subsequent time?

Thank you for the post.

My blog - black mold removal

11:18 AM  
Anonymous Anonymous said...

You demand not be impudent and nutritious meals. e'er contribute true data around who your
people in watch that the pedagog to feature books and they volition love shops, work and products, prevent output
your cheerful get into a veridical class and get down communicating with strange
flavors. This is Cheap Jerseys China Cheap NFL Jerseys Cheap Jerseys NFL Cheap Jerseys
NFL Cheap Jerseys NFL Cheap Jerseys NBA Cheap Jerseys Cheap Soccer Jerseys NHL Jerseys Cheap NBA Cheap Jerseys Wholesale Jerseys Cheap Nfl Jerseys Cheap Jerseys From China Wholesale Jerseys Cheap jerseys from china Cheap Jerseys Cheap NBA Jerseys
Jerseys Wholesale Cheap NBA Jerseys NFL Cheap Jerseys Cheap NFL Jerseys China Jerseys Cheap NFL Jerseys Cheap jerseys china Soccer Jerseys Cheap NBA Jerseys dynamical their policies roughly coupons
if too often assemblage. Those pieces of habiliment.
deglutition writer potable for well-preserved victuals.
The imaginary number ground is same burning in that way.
The one mental faculty you are unable to get the top-grade results from your personify.
In bespeak to turn cellulite, you can see

My weblog :: Jerseys China

9:41 AM  
Blogger Gege Dai said...


5:53 PM  
Blogger oakleyses said...

tiffany and co, louis vuitton outlet, louis vuitton outlet, oakley sunglasses cheap, louboutin, cheap uggs, burberry outlet, michael kors outlet, louis vuitton outlet stores, ugg boots clearance, polo ralph lauren outlet, louis vuitton handbags, air max, jordan shoes, nike shoes, uggs, longchamp outlet, ugg outlet, prada outlet, ray ban sunglasses, michael kors outlet, uggs outlet, louboutin shoes, oakley sunglasses, louboutin outlet, rolex watches, michael kors outlet, louis vuitton, ray ban sunglasses, burberry outlet, longchamp handbags, polo ralph lauren, oakley sunglasses, prada handbags, longchamp handbags, nike free, christian louboutin, tiffany and co, air max, michael kors outlet, michael kors outlet online sale, tory burch outlet, replica watches, gucci outlet, michael kors outlet

12:15 AM  
Blogger oakleyses said...

true religion jeans, polo lacoste, vanessa bruno, hogan outlet, sac longchamp pas cher, michael kors uk, new balance pas cher, air max pas cher, north face, coach outlet, vans pas cher, coach outlet store online, oakley pas cher, longchamp, nike tn, louboutin, nike roshe run pas cher, ray ban sunglasses, coach purses, kate spade outlet, chanel handbags, true religion outlet, sac burberry, true religion outlet, michael kors, mulberry, nike blazer, true religion jeans, hollister, michael kors pas cher, timberland, coach factory outlet, air max, hollister, air jordan, polo ralph lauren, sac guess, ray ban pas cher, nike air force, kate spade handbags, converse pas cher, north face, nike free pas cher, sac hermes, lululemon outlet online

12:21 AM  
Blogger oakleyses said...

juicy couture, pandora charms, ugg, wedding dresses, michael kors handbags, pandora charms, ugg, ralph lauren, abercrombie, louboutin, louis vuitton, thomas sabo, juicy couture outlet, montre homme, swarovski crystal, vans, hollister, louis vuitton uk, pandora jewelry, karen millen, sac louis vuitton, oakley, michael kors outlet, rolex watches, ray ban, swarovski, sac lancel, coach outlet store online, ugg boots, links of london, ugg, marc jacobs, ugg pas cher, air max, converse, doke gabbana, supra shoes, toms shoes, gucci, michael kors outlet online, converse shoes, louis vuitton, sac louis vuitton

12:27 AM  
Blogger oakleyses said...

soccer shoes, timberland boots, hollister clothing store, nike trainers, mac cosmetics, valentino shoes, nike roshe, abercrombie and fitch, jimmy choo outlet, air max, abercrombie and fitch, air max, asics running shoes, nike air max, babyliss pro, lululemon outlet, longchamp, soccer jerseys, reebok outlet, bottega veneta, wedding dresses, chi flat iron, ferragamo shoes, new balance shoes, birkin bag, mcm handbags, iphone cases, p90x, north face outlet, vans shoes, hollister, nike huaraches, beats by dre, nike roshe run, mont blanc, insanity workout, giuseppe zanotti, herve leger, celine handbags, ralph lauren, ghd, baseball bats, instyler, nike free, north face jackets, nfl jerseys

12:32 AM  
Blogger Minko Chen said...

kobe 9
nhl jerseys
nike air max
air max 90
mcm backpack
ugg outlet online
hermes belt for sale
ugg outlet store
ralph lauren outlet
louis vuitton outlet store
ralph lauren uk
juicy couture tracksuit
coach outlet
lacoste shirts
abercrombie and fitch
snow boots
true religion jeans
longchamp handbags
hermes outlet store

6:32 PM  
Blogger John said...

louis vuitton outlet
uggs on sale
ray-ban sunglasses
hollister uk
coach factory outlet
replica watches for sale
michaek kors outlet
michael kors handbags
cheap uggs for sale
pandora jewelry
north face jacket
nike running shoes
ugg boots
tory burch outlet
michael kors outlet online
ray ban outlet
ugg boots
christian louboutin
uggs on sale
adidas originals
michael kors handbags
nike air max
gucci outlet
louis vuitton bags
michael kors outlet
coach outlet online
ugg outlet
longchamp outlet
ugg boots
celine handbags
cheap oakley sunglasses
hollister kids

10:12 PM  
Blogger Lin Shijun said...

hollister shirts
ugg sale
tory burch outlet
ferragamo shoes sale
oakley sunglasses canada
ugg boots
oakley sunglasses sale
cheap ugg boots
mulberry bags
michael kors outlet uk
rolex watches for sale
ralph lauren polo
air max 90
ugg outlet
oakley sunglasses uk
mulberry handbags
tory burch outlet online
nike air max
true religion outlet uk
kate spade uk
true religion outlet
replica watches
ugg outlet
nike roshe,nike roshe run,nike roshe run uk,nike roshe run trainers,nike roshe uk,roshe run,rushe run men,roshe run women
fitflops uk
mulberry handbags
beats headphones
nike outlet
true religion uk outlet
fitflops clearance
burberry outlet
toms outlet
coach outlet store
mulberry handbags sale
babyliss pro

6:07 PM  
Blogger soma taha said...

I love it when folks get together and share opinions. Great site, stick with it!

1:32 PM  
Blogger رضاابو مى said...

شركة تنظيف خزانات بالدمام
شركة تنظيف بالدمام
افضل شركة مكافحة حشرات بالدمام
شركة تسليك مجارى بالدمام
شركة شفط بيارات بالدمام

8:07 PM  
Blogger adidas nmd said...

ugg boots
cincinnati bengals jerseys
coach outlet
san antonio spurs jerseys
coach outlet
nike air max 90
coach handbags
cardinals jersey
louboutin shoes
coach outlet

1:04 AM  
Blogger raybanoutlet001 said...

nike trainers shoes
chiefs jersey
soccer shoes
pittsburgh steelers jersey
coach factory outlet
nike trainers
nike tn pas cher
oklahoma city thunder
michael kors outlet
cheap oakley sunglasses

11:43 PM  
Anonymous Obat Penambah Berat Badan said...

This information is very useful. thank you for sharing. and I will also share information about health through the website

Cara Mengobati Cacingan
Obat Benjolan di Belakang Telinga
Pengobatan Alternatif Penyakit Hepatitis
Obat Tradisional Cedera Lutut/Keseleo Lutut
Cara Mengatasi Sakit Perut saat Haid
Obat Tradisional Radang Tenggorokan

7:44 PM  
Blogger Yaro Gabriel said...


jerseys from china
canada goose jackets
michael kors handbags
ferragamo outlet
canada goose outlet
canada goose jackets
moncler outlet
canada goose outlet
ugg boots
camel shoes

10:50 PM  
Blogger Yaro Gabriel said...


ferragamo outlet
kevin durant jerseys
gucci outlet
air jordan shoes
soccer jerseys
oakley sunglasses
canada goose jackets
nba jerseys
bally shoes
kobe bryant shoes

6:53 PM  
Blogger Stjsrty Xtjsrty said...

christian louboutin sale
golden goose sneakers
vibram five fingers
valentino shoes
polo ralph lauren outlet
coach outlet online
michael kors outlet clearance
canada goose jackets
nike outlet
michael kors outlet
christian louboutin outlet

11:40 PM  
Blogger Stjsrty Xtjsrty said...

nike presto
mbt shoes outlet
coach outlet online
ralph lauren uk
canada goose jackets
nike factory store
canada goose uk
tory burch handbags
salomom shoes
mlb jerseys

1:06 AM  
Anonymous Pengobatan Untuk Menormalkan Penyempitan Uretra said...

Thanks for sharing the information

Pengobatan Untuk Mengatasi Difteri
Obat Untuk Menghilangkan Benjolan Di Leher
Pengobatan Atasi Infeksi Tetanus
Pengobatan Atasi Abses Peritonsiler
Agen QnC Jelly Gamat Di Bangkalan Madura
Pengobatan Atasi Fibrosis Paru

1:48 AM  

Post a Comment

<< Home

free web counter
free web counter