Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Philippine watchdog flags lawmaker, officials in P289.5-M flood project scam

Philippine watchdog flags lawmaker, officials in P289.5-M flood project scam – BusinessWorld Online


      
      
      
      
      








PPA POOL/MARIANNE BERMUDEZ

The Independent Commission for Infrastructure (ICI) has tagged 18 people as being “potentially responsible” for irregularities in a P289.5 million flood-control project in Naujan, Oriental Mindoro.

In an initial report submitted to the Office of the Ombudsman Monday, the agency said the project, carried out by the Department of Public Works and Highways (DPWH) Region IV-B through contractor Sunwest, Inc., used steel sheet piles 2.5 to 3 meters long instead of the required 12 meters, which could have led to losses worth more than P63 million.

The commission also cited incomplete documentation and the reuse of photographs in billing submissions.

Party-list Rep. Elizaldy S. Co, former chairman of the House committee on appropriations, was among those identified. Sunwest had been linked to Mr. Co, though he has said he had divested from the company.

Other names included DPWH regional officials, division engineers, bids and awards committee members and Sunwest executives.

ICI Executive Director Brian Keith Hosaka said the panel recommended possible graft, procurement and falsification charges, while noting that the findings were preliminary. — Erika Mae P. Sinaking

CEDTyClea


    You May Also Like

    Stock Markets

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Finance

    Prime Minister Keir Starmer is tightening control over the government’s economic strategy by strengthening a cross-government Budget Board that will shape the Autumn Statement...

    Finance

    Formula 1 drivers Isack Hadjar and Liam Lawson of the Visa Cash App Racing Bulls (VCARB) team have taken an unusual step to thank...

    Finance

    A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.