DES, Caindec trade barbs
ALLEGATIONS of corruption and unethical practices cropped during the recent investigation called by the Senate Blue Ribbon Committee on the delay by the Land Transportation (LTO) in implementing the Motorcycle Crime Prevention Act.
In the investigation on Feb. 5, 2021, Senator Richard Gordon said that some Manufacturers, Assemblers, Importers, Rebuilders, Dealers, Other Entities (Mairdoes) get the installment money without giving the buyer ownership papers.
He said that instead of registering a motorcycle after it has been sold, the dealer holds the registration so that if the owner fails in paying the monthly amortization, the dealer will repossess the motorcycle and sell it again as a demonstration unit.
In the investigation, allegations of unethical practices that have abused the LTO’s Mairdoes system by motorcycle companies like DES Marketing, Du Ek Sam Inc., DES Strong, Desmark and Premio surfaced.