Sunday, October 12, 2008

The "no-loss, no anomaly" deal

Over the weekend, super mayor Cadio Gorriceta has been "burning the lines" trying to obtain a clean bill of health about the fund misuse scandal from the Panay Federation of Sugar Producers (Panay Fed). Cadio wants Panay Fed to issue a certification that there was "no loss" to the organization arising from the filching incident in which he took, without the consent and knowledge of its board of directors, the amount of P1.3 million. Apparently, Cadio wants the Panay Fed to dismiss the issue as a non-issue as the entire amount was subsequently restituted anyway.

So far, Panay Fed has been hedging. Its top leadership has chosen to tread on the scandal carefully, and designated its corporate secretary, Atty. Jun de la Cruz, as its spokesman. For still unknown reasons, Atty. de la Cruz has not confronted the issue with media head-on. And Cadio is getting frustrated.

Cadio has upped the ante. He has sent a strong message to the Panay Fed that unless he is given that certification that no money was lost, he will be compelled to wage his own black propaganda campaign against Panay Fed. His demand is simple: bail me out, or I'll drag the Panay Fed into the fray. He has even dictated the kind of language that needs to be used.

Will the Panay Fed blink? Will it be afraid to incur the ire of Cadio Gorriceta? Will it hide this scandal just so Cadio would be appeased? The plot is just beginning to thicken.

1 comment:

singkamas said...

Why is Cadio not disputing the allegations? The issue falls squarely on his laps. The question can be answered with either a "yes" or "no". Did he attempt to steal the money, and later paid it back when it was discovered? Or was there no money taken by him in the first place? It's a straightforward allegation that Cadio needs to tackle head-on.