THE Committee on Local Government chaired by Representative George P. Arnaiz has cancelled Friday’s public hearing which was introduced by Bacolod Representative Monico O. Puentevella.

Puentevella authored House Resolution No. 1479, entitled: “Resolution directing the house committees on local government and banks and financial intermediaries to conduct inquiry in aid of legislation into the propriety of the proposed P250 million-peso loan of the City Government of Bacolod from the Philippine Veterans Bank to finance the alleged squatter relocation project.”

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The hearing was supposedly set Friday, at 2 p.m., at the Bacolod Pavilion.

“The House did the right thing. For it was never a meritorious public hearing then. Because the motive really was purely politically and maliciously motivated… other congressmen did not find it even worth of their time,” said Mayor Evelio Leonardia.

Leonardia opined that the Puentevella’s resolution was designed only as “a political tool” to destroy the good and genuine intention of the City Government and the administration.

Meanwhile, Leonardia did not comment on reports that the P250-million loan was already released to the City Government.

When asked about it, the mayor just simply smiled.

Leonardia only explained that the City Government had already complied with all the requirements set by the PVB, “which the bank itself had explained that the process on granting the loan application of the city was legal and above board.”