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SOURCE: Press and Public Affairs Bureau


UNCONSTITUTIONAL TADECO DEAL

UNCONSTITUTIONAL TADECO DEAL
 

13 June 2017 10:30:52 AM

Justice Secretary Vitaliano Aguirre concurred with the stand of House Speaker Pantaleon D. Alvarez that the Tagum Development Corporation (TADECO) and Bureau of Corrections (BUCOR) joint venture agreement (JVA) is unconstitutional, and therefore null and void. The joint hearing of the House committees on good government and public accountability chaired by Rep. Johnny T. Pimentel (2nd District, Surigao del Sur), and on justice chaired by Rep. Reynaldo V. Umali (2nd District, Oriental Mindoro) is based on House Resolution 886 filed by the Speaker, seeking an inquiry into the alleged grossly disadvantageous contract entered into by BuCor and TADECO. Aguirre recommended presidential action to rescind the contract or for a more immediate solution, a judicial remedy initiated by the DOJ, or both. Alvarez asked the BuCor officials to study and report to Congress their next course of action on how to avoid further government revenue losses. Commission on Audit (COA) supervising auditor to BuCor Atty. Marilyn Balbin said that based on their evaluation, the holdings of TADECO in the Davao Penal Colony (DAPECOL) property exceeded the constitutional limitation, which is 1,000 hectares, and thus COA maintains that the JVA is unconstitutional. PC/GE/CM

 
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