BREAKING: COA report says Estrada left Manila with ₱141-M in unresolved transactions - The Most Popular Lists

Breaking

BREAKING: COA report says Estrada left Manila with ₱141-M in unresolved transactions


Former President and Manila Mayor Joseph “Erap” Estrada had more than P140 million worth of unresolved transactions and unliquidated cash advances during his last three months in office as city mayor, an  initial report from the Commission on Audit (COA) showed.

According to the COA report, a total of P141,021,321.31 notices from various transactions of the City of Manila from April 1 this year remained unresolved until Estrada ended his term as city mayor in June 30.

“We think some people have some explaining to do,” Julius Leonen, Manila Public Information Office chief, told reporters on Tuesday.


Based on the breakdown sent by Leonen to reporters, the Estrada administration had ₱67,165,880.48 in disallowances.

The COA also said the Estrada administration had ₱42,538,364.47 in suspensions and ₱31,317,076.36 in charges.

READ: Isko Moreno: No plans to sue Erap for not handing over documents

A 2018 COA report also revealed that the Estrada administration left the city of Manila with P4.3 billion cash deficit.


The current Manila’s City Accountant and its City Budget Officer are now looking into this report.

READ: Estrada shocked over Manila’s ₱4.3-B cash deficit: I left ₱10.3-B excess funds

Estrada earlier expressed surprise on the COA report saying that he actually left around P10.3 billion in the Manila City Treasury when he ended his term in June 30.  (Editor: Mike U. Frialde)

From Manila Public Information Office

Found this article interesting? Share it with your friends! 👍🏼

This article first appeared on Inquirer.

No comments:

Post a Comment

Enjoyed this article?

We appreciate any amount of donation to keep the inspiring stories coming from our team! 🙏