THE management of state-run Home Guaranty Corp. have rewarded themselves with P22.2 million to acquire executive cars and another P9.349 million in “incentive awards” in 2009 despite the government corporation racking up P9.98 billion in losses, Bagong Henerasyon Rep. Bernadette Herrera-Dy said Tuesday.
The party-list representative made the revelation in an attempt to force a House investigation and stop the company from floating another P5.5 billion in bonds.
Herrera-Dy said the company’s executives availed themselves of a five-year installment plan at zero interest.
“These people rewarded themselves with a P22.2-million car plan in exchange for pushing the company to near bankruptcy,” she said.
“I deplore their insensitivity.”
Herrera-Dy said the company’s officials also authorized the disbursement of P3 million to cover the insurance premiums of its directors and officers, a payment that the Commission on Audit had found “without legal basis.” –Manila Standard Today
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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