Right intentions, right connections
A case of plunder, graft and corruption
KAAKBAY (Katipunan ng mga Anak ng Bayan)
This paper’s conclusion reads:
Republic Act No. 3019, the Anti-Graft and Corrupt Practices Act has been violated. Certain persons have persuaded, induced, and/or influenced public officer/s to perform acts constituting violations of rules and regulations duly promulgated and/or have committed offenses in connection with their official duties, or have allowed themselves to be persuaded, induced, or influenced to commit such violations or offenses.
Republic Act No. 7080, the Anti-Plunder Act, has been violated by taking undue advantage of official position, authority, relationship, connection or influence to unjustly enrich certain persons and entities at the expense and to the damage and prejudice of the Filipino people and the Republic of the Philippines.
Peace and Equity Foundation
The foundation created by CODE-NGO which administers grant money derived from the PhP1.4 billion profit from the PEACe Bonds deal.
Code-NGO under pressure to use P1.4-B gain well
Margarita H Debuque for the Philippine Daily Inquirer
22 February 2002
Some things desperately need to be clarified now by these companies. Why, barring pure altruism, would RCBC and RCBC Capital turn over roughly 1.4 billion pesos to an NGO? Why would they sign an underwriting agreement allowing the latter to earn huge profits without shelling out any cash? Why, when the Treasury decided on an auction, did they not simply walk away and keep their money?
On NGO funding, accreditation, and taxation
from The social roles of NGOs in the Philippines (word doc)
Isagani R Serrano
CSOs in the Philippines generally rely on donations, direct and indirect subsidies, membership dues and earned incomes from their own business activities. Donations come from both local and foreign sources in cash or in kind.
They receive official development assistance (ODA) by way of co-financing arrangements between donor governments and donor-country CSOs. Private donations are transferred directly from donor CSOs in developed countries to recipient CSOs in the Philippines without passing through government.
Nearly all assistance come in the form of program or project funding. Strategic funding is hard to come by. Endowment funds for development CSOs are rare.
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