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Phisgoc told to explain P2.2B fund release

Republika

The Commission on Audit (CoA) has ordered the Philippine Southeast Asian Games Organizing Committee (Phisgoc) to liquidate some P2.2 billion in funds releases for expenses related to the hosting of the 2019 Southeast Asian Games.


The CoA said that demands for an accounting of the said financial assistance to Phisgoc and the Philippine Olympic Committee (POC) have remained unheeded more than 14 months after the close of the Games.


Also, it lamented the failure of Phisgoc in submitting a formal fund utilization report for all the billions extended by the government – which must include invoices, billings, statements of accounts, purchase orders,bank statements, interests earned, etc.


Sports officials who oversaw the conduct of the multi-nation event – including some prominent lawmakers – had steadfastly maintained that all transactions were aboveboard and no corruption was involved.


The Phisgoc’s snub of CoA demands was reportedly the main reason for oppositionist Senator Risa Hontiveros’ insistence for a probe into alleged widespread irregularities surrounding the muti-billion funding of the Games.


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