From the grapevine, I learned that Cadio Gorriceta pleaded with the incumbent leadership of the Panay Federation of Sugar Producers (Panay Fed) to bail him out of this burning scandal about the P1.3 million that he improperly took from the organization and spent for his personal use.
The board of directors of the Panay Fed reportedly convened an emergency meeting to confront with this sensitive issue as media reporters started making inquiries from its current president, Francis Trenas, on whether the filching of the million-peso fund really took place about 10 years ago.
Cadio Gorriceta wanted the Panay Fed to issue a statement that the money was fully restituted after the anomaly was discovered, and he owed not a single centavo to Panay Fed as a result of this highly immoral and improper act.
But Francis Trenas does not want the Panay Fed to be dragged into the controversy, so the board designated the corporate secretary, Atty. Aloysius de la Cruz, as official spokesman on the issue.
The question now is whether Atty. de la Cruz will tell the public about the whole truth.
He should answer the following questions:
1. Is it not true that the Panay Fed had allocated P1.3 million as down payment for the importation of farm tractors to help its members improve production?
2. It is not true that the money had been given to Eli Bagtasus, dealer of the farm equipment, for the purpose of getting the tractors bought from abroad, but that the transaction didn't prosper?
3. Is it not true that Cadio Gorriceta, upon learning that the transaction was aborted, secretly ask Eli Bagtasus to give him the money on the pretext that he would take care of returning it to Panay Fed?
4. Is it not true that it took several months before the disappearance of the money was discovered, and when that happened, Cadio sheepishly admitted it, and issued two checks for P650,000 each to restitution of the money to the organization?
5. It is not true that after the first check had cleared, there was a break-in at the Panay Fed headquarters, and the second check was forcibly removed from the premises?
6. Is it not true that again, the hand of Cadio Gorriceta was established in this sordid incident, and after which he agreed to issue several post-dated checks over several months to fully settle the amount?
Panay Fed owes it to the membership to tell the truth about the so-called Thomas Crown affair in the organization.
Cadio smokes peace pipe with Syjuco
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After growling and snarling like a fierce and angry tiger, super mayor
Arcadio Gorriceta has rapidly transformed into a meek kitten with a gentle
meow when...
15 years ago
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Mayor Arcadio Gorricetta believes that he could hide his dark secrets. He claimed the Syjuco's are corrupt. Now, look who's talking! Gorricetta could have looked at the mirror before he proclaimed himself as "clean." The claims of the 'super mayor' is a slap on his face. Such a hypocrite!
Yes, like everybody else, i thought super mayor Cadio was super clean and honest. Now, the entire Ilonggo community is abuzz about the many misdeeds of Cadio Gorriceta. Last Friday, the Rotary Club of Iloilo South talked about almost nothing else but the dark secrets of this long time member. In Pavia, employees at the municipal hall were secretly passing around printed copies of this blog and laughing at their mayor. I heard that in the Pavia municipal hall, three out of four employees are angry at Cadio for his corruption.
The rumor mill has been buzzing with this story about Cadio's dark history after this blog circulated in the sugar industry sector last weekend.
At first, I found the story unbelievable. What? Cadio stealing P1.3 million? This guy claims to be super rich! He can't possibly touch the money that's not his!
But the details given in this blog are too good to be ignored. And Cadio is not giving the public the kind of answer that would erase any doubts about his honesty and integrity.
The burden is now placed on Cadio to disprove the allegations. If he fails to do so, then it would be difficult for him to recover from the devastation that this episode will cause on his public image.
Thanks, Steve, for revealing to us the true character of Cadio Gorriceta.
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