MANILA, Philippines - Militant group Anakpawis challenged incoming President Benigno "Noynoy" Aquino III to make good on his promise to fight corruption and fast-track the recovery of the coco levy fund from his uncle, businessman Eduardo "Danding" Cojuanco.
Anakpawis partylist Rep. Rafael Mariano said it was high time for Aquino to focus on resolving the decade-old issue involving the multibillion-peso coco levy fund that coconut farmers have yet to benefit from.
Mariano feared that Cojuanco, who was accused of purchasing shares in diversifying conglomerate San Miguel Corp. through coco levy over 2 decades ago, would attempt to use his clout to evade charges and secure sweetheart deals.
But Presidential Commission on Good Government (PCGG) Commissioner Ricardo Abcede said it was not fair to put the responsibility of recovering the coco levy fund on the shoulders of Aquino, since the decision on the case was up to the Supreme Court.
The PCGG is the government agency tasked to oversee assets sequestered from late dictator Ferdinand Marcos and his allies, including Cojuanco.
Abcede said it was the Supreme Court that should speed up the resolution of the string of coco levy-related cases.
The moment a decision is made, he said, Aquino may now step into the picture and decide how best to use the money.
Abcede noted that President Arroyo's original plan for the coco levy fund was to put in in a foundation that would benefit some 18 million coconut farmers in the country.
-Zen Hernandez
Friday, June 11, 2010
Aquino urged to seize coco levy fund from Uncle Danding
Labels:
ABS-CBN News Philippines,
GMA News Philippines,
Philippine News Today,
Philippines Entertainment News Today,
Philippines Health News Today,
Philippines Information Technology News Today,
Philippines News Update,
Philippines Political News Today,
Philippines Sports News Today,
Philippines Weather News Today
Subscribe to:
Post Comments (Atom)
Popular Posts
-
As far as Cabinet posts are concerned, it’s the Department of Interior and Local Government (DILG) or bust for incoming vice president Jejom...
-
Two members of the al-Qaeda-linked Abu Sayyaf group were killed earlier this week while four soldiers were hurt in two firefights in Sulu la...
-
MANILA, Philippines - The Philippines is the third largest exporter of migrant workers in the world, next to India and China. The Visayan Fo...
-
The Philippine Embassy in Saudi Arabia is confirming if the dead body found inside a drum in Riyadh is of a Filipino. Vice Consul Roussel Re...
-
A Filipino engineer in Saudi Arabia died of heart attack last week while at work. Labor Attaché David Des Dicang of the Philippine Overseas ...
-
Make money today! Most lucrative people search products on CB for 2+ years in Reverse Phone - Email Search - Vital Records - Family History....
-
In celebration of Razer's 133,337 fans on Facebook, we are going to game-change someone's (possibly yours) gaming setup. We'd li...
-
FOUR construction workers were injured after part of a building of Ayala Land Corporation in Bajada, Davao City collapsed Saturday morning. ...
-
Make $100 Startup Bonus on Your First 10 Sales! Over 20 Sub-Niches to Choose From: People Search, Criminal Records, Court Records, Death Rec...
-
A witness to the massacre of 57 people in the southern Philippines last year has been shot dead, raising concerns about whether others will ...
No comments:
Post a Comment