Clear and direct evidence

super mayor arcadio gorriceta literally begged ely bagtasus to give him the originals. and the good man that he is, ely bagtasus yielded. he gave super mayor gorriceta the originals --- the receipts for the money that then sra commissioner and panay fed director arcadio 'cadio' gorriceta took from ely like a thief in the night. total amount: one point three million pesos. that's P1.3 million, more money than any ordinary sugar planter can make in a year of hard-earned production. in cadio's case, it would have been an easy profit, had it not been for the complaint of ricoy palmares and victor facultad during a board meeting of panay fed that they received statements of account showing that owed money to panay fed.
the receipts are clear and direct evidence that super commissioner cadio tried to steal the money under the pretext of getting it back from ely and hand it over to panay fed. but cadio is a wise operator. he knows how to destroy evidence. he begged ely to give the documents to him. after all, he already paid panay fed the entire amount. no harm done to panay fed. the members no longer have balances for loans that never really got to them. nice try for cadio but he was caught.
but if cadio is shrewd and wise, ely is wiser. he made copies of the originals and gave them out to selected panay fed directors in scanned digital form. almost like xerox copies. unmistakable proof that the evil deed was committed. that cadio is not the super honest and clean person that he claims to be. one copy has reached a blog about pavia:

http://paviawatcher.wordpress.com/


just examine the documents and tell me if these are authentic or not. cadio might even want to disprove the truth of these documents. he is free to post a comment on this blog.

Bulls Eye!

There's one piece of letter that's become a hot-selling commodity on the Internet lately --- a .pdf copy of a letter sent by tractor supplier Ely Bagtasus to Panay Fed in 2002. No, it's not gaining popularity because of the literary content; rather, it establishes the truth of what I've reported about the P1.3 million scandal which rocked the Panay Fed about 10 years ago. It upholds the truth about Cadio Gorriceta's having tried to take for himself P1.3 million that belonged to Panay Fed's members. So now you be the judge: who is telling the truth?

This letter can be uploaded and read on this webblog: http://diskartidor.wordpress.com/caught red handed/.

All I can say is "Bulls Eye!"

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.

Will Panay Fed tell the truth about the fund misuse scandal?

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.