Palace ‘misuse’ Meanwhile, Bayan Muna Rep. Neri Colmenares on Monday said President Aquino’s channeling of the Malampaya Fund to the defense department and the military should be considered misuse, as this did not fall under the purpose of the fund. Colmenares said he did not buy Malacañang’s reason that the use of the funds for the defense department was to protect the Malampaya gas project. Such a reasoning was a stretch of the imagination, he said. Colmenares said about P1.3 billion from the Malampaya Fund went to the acquisition of a cutter from the US Coast Guard and for the transfer, dry-docking and hull maintenance of the vessel, while another P4.95 billion was given to the defense department to upgrade its capabilities for the security and protection of the Malamapaya gas project. “If this is their reasoning, maybe the President’s purchase of a nuclear missile could be charged to the Malampaya Fund by saying that it is intended to protect the Malampaya project,” Colmenares said in a statement. Read more: newsinfo.inquirer.net/493589/coa-scores-dbm-over-malampaya-fund-release#ixzz2fmTP46hN Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Posted on: Tue, 24 Sep 2013 04:24:49 +0000
Trending Topics
Recently Viewed Topics
© 2015