Lawyer Harry Roque Jr noted that the Quedan Rural Credit and Guarantee Corp. (Quedancor) was attached to the Office of the President when a multibillion-
This, as Roque said those behind the scam may have skimmed off more than P300 million in "arranger's fees" for facilitating the loans for the swine program.
"Ang Quedancor galing sa DA. Hulaan ninyo saan na ang Quedancor since 2004? Nasa Office of the President (Quedancor was originally with the DA but guess where it was transferred in 2004? To the Office of the President)," Roque said in an interview on dwIZ radio.
"(So) the buck stops with the president," Roque said.
Roque was referring to Executive Order 322 dated July 2004, which ordered the transfer of Quedancor to the Office of the President. Quedancor was the agency involved in the swine scam.
Last Wednesday, Roque said government may have spent some P900 million out of its P2.46-billion swine program to fund the 2004 election campaign.
Roque also said the Commission on Audit (COA) confirmed some P700 million in unrecorded receivables in 2004, and a bigger amount in unrecorded receivables – P1.6 billion – in 2005.
On the other hand, Roque said another anomaly involving the swine program involved up to P300 million in questionable "arranger's fees" for the loans in the program.
He said this was unusual because the loan was between the Land Bank of the Philippines, a government bank, and Quedancor, a government-owned and -controlled corporation (GOCC).
Roque said documents from the Land Bank indicated P300 million in arranger's fees and P2 million in attorney's fees.
"Umabot hanggang P300 million ang arranger's fee dito. Bakit may arranger's fee? Ang arranger's fee kapag private bank ang nag-utang at packaged ng investment banker (The arranger's fee reached P300 million. But in the first place why have the arranger's fee? That is
only for loans between private banks, where investment bankers or arrangers package the loan)," Roque said.
In the interview, Roque twitted Agriculture Sec. Arthur Yap for trying to wash his hands off the mess. He said Yap cannot escape liability because he was already a member of the firm's board of directors at the time of the swine scam.
"Di sapat na sinabi niyang pina-imbestiga niya. Katawa-tawa yan kasi kasama siya sa dapat imbestigahan (It is not enough that he ordered the irregularity investigated. For him to wash his hands on that basis is laughable. He should be among the ones being investigated)
Roque said.
"Si Sec. Yap di pwede maghugas-kamay. Ang Quedancor under the Office of the President, lahat na kabulastugan inaprubahan ng Board... Kung nag-appoint siya ng representative, kasalanan niya yan (Yap cannot wash his hands off this mess. Quedancor is under the Office of the President and he is a member of its board. Even if he sent a representative to the board when it approved the swine scam, that's already his fault)," Roque added.
In a separate interview, Yap said he can no longer do anything if Roque insists that he was involved in the mess. Yap said he had done his part, bringing the case to the Ombudsman and to the National Bureau of Investigation.
"Kung ayaw niyang maniwala how can we go against clear evidence?... Di natin pwede pilitin maniwala (If he still does not want to believe, how can he refute the evidence that I had the case brought to the Ombudsman and NBI? But then again, I cannot force him to believe me)," Yap said in a separate interview on dwIZ.
Tarsier:- On the television it is stated that the money was put into another fund by error, wow, anyone actually believe that...as someone else said, and i quote
Our Pinoy trapos, are they in any remote way useful to Philippine society? Well, a Martian observer would i think consider them as a virulent assembly of viruses and cancer cells
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