in 2 months
ABS-CBNnews.com
Posted at 12/22/2013 7:55 PM | Updated as of 12/22/2013 8:00 PM
http://www.abs-cbnnews.com/nation/12/22/13/coa-p900-m-malampaya-funds-went-missing-2-months MANILA - In a span of only two months, P900-million worth of Malampaya funds suddenly went missing, the Commission on Audit said in a report released late Saturday.
The two months ran from the moment former Department of Agrarian Reform (DAR) Undersecretary Narciso B. Nieto sent a letter requesting the Department of Budget and Management (DBM) to release the sum for typhoon-stricken farmers on October 22, 2009, until the day the last check went out on December 23, 2009.
The report covered only funds channeled through DAR purportedly to help rehabilitate agrarian reform communities ravaged by typhoons Ondoy and Pepeng.
Not a single centavo of that money went to the supposed recipients as the whole transaction was plagued from the very start by phony documents, bogus non-government organizations (NGOs) and fake lists of agrarian reform beneficiaries (ARBs), the report read.