This is very alarming.It involves billions of pesos. The funds cant be traced anymore where and when it was used or distributed to its beneficiaries. If this is true, we can say that this is the mother of all scams in the Philippines. Quedancor has yet to give their side on this issue. Moreover, the head of this GOCC cant be contacted for comments.
Although I have little information on this issue, other bloggers or readers may give some inputs on this. If you have some information on this scam, feel free to share or make a comment on this blog.
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