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Monday, September 05, 2005 (Philippines)

12 Cebu towns ‘misused’ loans
MEN IN POWER
Veco linemen replace cables near Carbon Market, as one way to improve service to power consumers now bracing for a rate hike, amid rising fuel prices and the implementation of an expanded value-added tax law. (Sun.Star Photo/Allan Cuizon)
TWELVE towns in Cebu committed at least four violations in handling the P1-million loan they each received from the Office of the President, the Commission on Audit (COA) noted.

These violations, the COA said, were common in the towns of Tudela, Poro and San Francisco in the Camotes islands, Alcantara, Alegria, Argao, Dalaguete, Malabuyoc, Dumanjug, Barili, Balamban and Ginatilan.

[full story]

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