Straight News, Smart Views|Friday, December 15, 2017

Where’s the 25 Billion Malampaya Funds 

similar to the Malampaya oil rig

 

There is a discrepancy in the current balance of the Malampaya Funds as found out by state auditors. The status reports and account books reflected different totals for cash releases and remittances of the said fund.

There is a difference of about 4 billion in remittances and almost 21 billion in cash advances as of December 2016 according to COA or the Commission on Audit.

The case is being further investigated.

 

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