Yet Another Scandal Of Greed

[Mr Lee]

Seems govt people love to waste the peoples money, I wonder who got the kickbacks on this huge deal?MANILA, Philippines - Bayan Muna Rep. Neri Colmenares exposed today various anomalies in the Philippine Charity Sweepstakes Office (PCSO) during the previous administration.In a privilege speech, Colmenares said the irregularities include “anomalous contracts, diversion of funds and overpriced machines.”“These anomalies are larger than the government’s botched $330-million national broadband network contract with Chinese firm ZTE Corp. and the P728-million fertilizer scam,” he said.“The common denomination is that the victims are still the Filipino people, especially the poor who need medical and other assistance,” he said.Going into specifics, Colmenares cited PCSO’s contract with its lotto machine supplier, Philippine Gaming and Management Corp. (PGMC)-Berjaya.He said in 1995, the PCSO leased 3,525 lotto machines from PGMC-Berjaya, which was paid 4.3 percent of gross lotto sales generated with the use of such machines.He said the charity agency had the option of buying the machines for P25 million at the end of its eight-year contract with its supplier.“But instead of exercising its option to buy the machines for P25 million, the PCSO renewed the lease, this time at 6.85 percent of gross sales, plus three percent for telecom services and .15 percent for maintenance and repair, for a total of 10 percent. The new contract will run up to 2015,” he said.He pointed out that in 2009 alone, the PCSO grossed P27 billion in lotto sales and paid PGMC-Berjaya P2.7 billion for the leased machines.Colmenares said between 2001 and 2010, the agency gave away P12 billion to its supplier.The complete story HERE

[Call me bubba]

this story and others show that THE POWERS TO BE, those who are elected to serve the people.to help the people,ONLY SERVE TO HELP THEMSELVES.example, 1 city built a hospital BUT did not include funding to operate/staff it.(strange?) a medical clinic had medicines BUT they was expired. I could post more as the list would go on & on & on

[Tatoosh]

Pork barrel and sweetheart deals rife regardless of nationality. They are worth exposing, but the waste exposed in some US government contracts make the amounts here seem quite small. Still, up to now, it hurts the mass of truly poor Filipinos much harder. But with the dollar and the US credit rating in decline, that may change.

[i am bob]

Am I correct in believing that most large scale scams were not until recently reported - either by government or the news agencies?

[Candyman]

Am I correct in believing that most large scale scams were not until recently reported - either by government or the news agencies?

It certainly seems that way ! There seems to be more reporting of such matters, since Noy Noy has been in power.

[i am bob]

Am I correct in believing that most large scale scams were not until recently reported - either by government or the news agencies?

It certainly seems that way ! There seems to be more reporting of such matters, since Noy Noy has been in power.

And he can only stay in at the top for one term? Hope he has a clone!