Sen. Sherwin Gatchalian said officials of Pagcor might be criminally liable for awarding a company with dubious credentials a P6-billion contract to audit the revenues of POGOs. | melvingasconINQ /PDI
“Let’s not forget the crucial role of the third-party auditor in determining the taxes and regulatory fees of POGOs — every peso that POGOs do not pay to the government is a loss for the entire country,” Gatchalian said.During Monday’s hearing, senators found that Global did not meet both financial and technical requirements under Republic Act No. 11590, the law on taxes imposed on POGOs, based on documents made public by Gatchalian.
The senator accused the company of misleading Pagcor into accepting a bank certification that it had $25 million worth of deposits in Soleil Chartered Bank, even though that bank wasn’t authorized to do business in the Philippines.
No representative of Global attended Monday’s hearing despite the committee’s invitation. Gatchalian said he had denied the company’s request to participate through video conference. But Pagcor was seeking a refund of $7.982 million, or about P434.7 million, for supposedly failing to meet a performance threshold, he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pagcor’s lack of urgency on illegal Pogo activities irks GatchalianMANILA, Philippines — The Philippine Amusement and Gaming Corporation’s (Pagcor) lack of urgency on the illegal activities of Philippine offshore gaming operators (Pogos) is annoying Senator
Read more »
Senator irked by Pagcor inaction in offshore gaming worker’s abduction - BusinessWorld OnlineA SENATOR on Monday called out the Philippine Amusement and Gaming Corp. (Pagcor) for failing to regulate offshore gaming operations and stem abductions involving mostly Chinese workers in the Philippines. During a Senate hearing, Senator Sherwin T. Gatchalian said the regulator had yet to act on a kidnapping incident more than a month since it […]
Read more »
Gatchalian: DOLE to be tasked to aid Filipino workers if POGOs bannedSenator Sherwin Gatchalian on Tuesday said the Department of Labor and Employment (DOLE) will be tapped to help the Filipino workers who will be affected in case the Philippine Offshore Gaming Operators (POGOs) will be banned from the country.
Read more »
Senate wrapping up POGO inquiry, mounts last hearing | Butch FernandezSENATE probers are set to wrap up their inquiry into the issues surrounding the Philippine Offshore Gaming Operators (POGO), amid calls from some quarters to completely ban them despite strict regulatory measures taken in the past three years by three line agencies and local government units. Sen. Sherwin Gatchalian, probe…
Read more »
Govt to review current tariff rates for meat goods | Jasper Y. ArcalasTHE Tariff Commission (TC) will conduct a public hearing this week to review the tariff rates of meat products, including offal, on the instructions of Sen. Cynthia A. Villar. In a notice published on its web site, the TC said it initiated the investigation following the directive from the office…
Read more »
Leonen: No-contact apprehension causes ‘wealth transfer’ from drivers to LGUsSenior Associate Justice Marvic Leonen points out that an audit of algorithms and biases of systems might be necessary.
Read more »