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Sen. Lacson fires up Senate probe into ‘swine scam’

The Senate is set to delve into the alleged P5-billion “swine scam” involving the government-owned Quedan and Rural Credit Guarantee Corp. (Quedancor) after opposition Sen. Panfilo Lacson yesterday filed a resolution in the upper chamber seeking the conduct of a full-scale inquiry into the issue.

Lacson filed Senate Resolution 340 which seeks to establish the status of the funds that went to the program amid suspicions that they ended up in the adminis-tration’s campaign kitty in the presidential elections in 2004, similar to that of the P3-billion fertilizer scam involving former Department of Agriculture Undersecretary Jocelyn “Joc-joc” Bolante.

Lawyer and University of the Philippines Prof. Harry Roque earlier had claimed that Quedancor had been engaging in quasi-banking activities while not possessing a license from the Monetary Board.

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Palace invokes secrecy law on Quedan over swine scam

The Quedan and Rural Credit Corp. (Quedancor), the state lending agency embroiled in the P5-billion swine scam, may opt not to reveal the beneficiaries of the program supposedly to raise livestock production since borrowers in the program are “covered by the bank secrecy law” on deposits.

Sen. Francis Escudero earlier had challenged Quedancor to make public the beneficiaries of the loan program, in which P1.6 billion was believed to have been misused.

Chief Presidential Legal Counsel Sergio Apostol said although Quedancor administers public funds, these are covered by the bank secrecy law that could be invoked by borrowers to hide their identities.

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SEN. Ping Lacson links Gloria to P2.5B swine scam

SEN. Panfilo Lacson will ask the Senate to investigate Quedancor’s P2.5 billion Swine Program fund in 2004, saying there is an indication that President Arroyo had a direct hand in the anomaly surrounding it.

“Nang inilipat ni GMA ang Quedancor sa OP (Office of the President) mula sa DA (Department of Agriculture) ‘tsaka nangyari ang ’swine-dling’. May indikasyon na may direct hand ang Pangulo sa anomalya ala fertilizer scam,” he said.

Quedancor (Quedan and Rural Credit Corp.) was placed under the OP during the elections in 2004.

Lacson said just like the P728-million fertilizer fund scam, the billions of pesos supposedly for the purchase of livestock could have been used to fund the 2004 campaign of Team Unity candidates.

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Advance payments to hogs suppliers in ‘Swine Scam’ bared

After uncovering additional proof of anomalies in the Quedan and Rural Credit Corp. “Swine Scam,” this time involving advance payments to suppliers prior to supposed deliveries of swines to farmers, lawyer Harry Roque yesterday said the scam is not a simple case of “bad debt,” as Quedancor claimed, but really a “scheme” intended to disburse billions of public funds with no intention of recovering the money.

Following the discovery of more evidence, the lawyer suggested the creation of a people’s court to try the officials liable in the scam.

“The board of directors should now be made to account where the funds went. What they are saying about the funds having gone to bad debt is a lie,” he said in an interview at the Centerlaw Philippines office in Makati City.

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Fertilizer scam to blame for ‘Rice Crisis’ - CBCP

The influential head of the Catholic Bishops’ Conference of the Philippines (CBCP) blamed the looming rice shortage on the government’s apparent mismanagement of a multimillion-peso fertilizer fund.

The Arroyo government was accused of diverting the fertilizer fund, intended to boost rice production, to supporting instead the campaign coffers of the administration ticket during the May 2004 elections.

The CBCP president, Jaro Archbishop Angel Lagdameo, said in a one-page statement Thursday that the “impending” rice shortage could have been prevented if the government had handled well the P729-million fertilizer fund.

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GMA’s involvement in ‘Swine Scam’ seen in EO 322

Where a direct link to President Arroyo in the P3-billion fertilizer funds scam was not quite established, this time, that direct presidential link to the “Swine Scam” is definitively marked with Mrs. Arroyo’s involvement, as evidenced by Executive Order (EO) 322, which effected the transfer of the Quedan and Rural Credit Gurantee Corp. (Quedancor) from the Department of Agriculture to the Office of the President.

Noticeably EO 322 was issued on July 5, 2004.

By August, going back on her word that she would not seek the presidency in 2004, Mrs. Arroyo announced that she would be running for the top post after God had told her He wanted her to run for the presidency.

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