Don't be surprise why its CAT II
The Commission on Audit (COA) has discovered questionable withdrawals in the country's premiere aviation body amounting to more than $10 million from the savings account of the Civil Aviation Authority of the Philippines (CAAP) in 2009.
In its audit report to the agency, COA said there was “non-recording” of credits-withdrawals amounting to $5.12 million or P237.69 million and debits-remittances amounting to $5.68 million or P263.7 million from the CAAP savings account with the Land Bank of the Philippines.
The CAAP Employees Union (CAAP-EU) earlier exposed in the Philippine Star the withdrawal of almost P400 million from the UCPB and Landbank accounts of the aviation body by former CAAP director general Ruben Ciron before he was replaced by Alfonso Cusi.
According to the report, Ciron made massive withdrawals, assisted by his chief of staff Ronaldo Manlapig, in March 2010. The withdrawals were made before Ciron was replaced by Alfonso Cusi, then general manager of the Manila International Airport Authority (MIAA).
CAAP’s account with the United Coconut Planters Bank (UCPB) and the Land Bank of the Philippines showed five huge cash withdrawals shortly before Ciron’s departure as head of CAAP in March 2010.
CAAP’s passbook with the UCPB showed a similar strategy employed in the Armed Forces of the Philippines (AFP) “conversion” scandal, when it figured a withdrawal P150 million on Jan. 7 and P80 million on March 2, last year without further report where it went.
Meanwhile, the Land bank passbook showed that there were four huge US dollar withdrawals made by CAAP amounting to US$1 million on Feb. 23, another US$1 million on Feb. 26, and US$2 million, also on March 2.
“These withdrawals are highly questionable since it was made when he was known to be on the way out due to the CAAP’s failures such as the issuance of the SSC (significance safety concerns) findings on Philippine civil aviation by the ICAO (International Civil Aviation Organization) in December 2009 and the Category II downgrade of the Philippines by the US FAA (United States Federal Aviation Authority,” a senior CAAP official was quoted as saying.
Apart from the huge bank withdrawals, the CAAP-EU said another anomaly in the CAAP that seemed similar to the AFP “conversion” controversy was the disbursements of United Nations fund, noting the ICAO was a specialized agency of the UN on international civil aviation matters.
COA said the unrecorded withdrawals cast doubt on the balance of the CAAP savings account which stood at P3.666 billion.
In its audit report to the agency, COA said there was “non-recording” of credits-withdrawals amounting to $5.12 million or P237.69 million and debits-remittances amounting to $5.68 million or P263.7 million from the CAAP savings account with the Land Bank of the Philippines.The CAAP Employees Union (CAAP-EU) earlier exposed in the Philippine Star the withdrawal of almost P400 million from the UCPB and Landbank accounts of the aviation body by former CAAP director general Ruben Ciron before he was replaced by Alfonso Cusi.
According to the report, Ciron made massive withdrawals, assisted by his chief of staff Ronaldo Manlapig, in March 2010. The withdrawals were made before Ciron was replaced by Alfonso Cusi, then general manager of the Manila International Airport Authority (MIAA).
CAAP’s account with the United Coconut Planters Bank (UCPB) and the Land Bank of the Philippines showed five huge cash withdrawals shortly before Ciron’s departure as head of CAAP in March 2010.
CAAP’s passbook with the UCPB showed a similar strategy employed in the Armed Forces of the Philippines (AFP) “conversion” scandal, when it figured a withdrawal P150 million on Jan. 7 and P80 million on March 2, last year without further report where it went.
Meanwhile, the Land bank passbook showed that there were four huge US dollar withdrawals made by CAAP amounting to US$1 million on Feb. 23, another US$1 million on Feb. 26, and US$2 million, also on March 2.
“These withdrawals are highly questionable since it was made when he was known to be on the way out due to the CAAP’s failures such as the issuance of the SSC (significance safety concerns) findings on Philippine civil aviation by the ICAO (International Civil Aviation Organization) in December 2009 and the Category II downgrade of the Philippines by the US FAA (United States Federal Aviation Authority,” a senior CAAP official was quoted as saying.
Apart from the huge bank withdrawals, the CAAP-EU said another anomaly in the CAAP that seemed similar to the AFP “conversion” controversy was the disbursements of United Nations fund, noting the ICAO was a specialized agency of the UN on international civil aviation matters.
COA said the unrecorded withdrawals cast doubt on the balance of the CAAP savings account which stood at P3.666 billion.
Military get out of CAAP! This agency is called Civil Aviation Authority of the Philippines not Military!
ReplyDeleteMabuhay CAAP-EU!
mga damuhong mga buayang opesyal dyan sa CAAP.ang tagal ma process ang mga item nang mga empleyadong J.O kaya pala bc sa pagnanakaw nang savings account nito mga walang hiya!!!
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