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Corruption in Clark Philippines, red flags raised on the report of php12 Million of extraordinary and misc earnings of CDC President Benigno Ricafort

Businesses in Philippines Clark Freeport shocked by the remarkable p12 Million of extraordinary and misc earnings of CDC President Benigno Ricafort

Questions loom in the minds of stake holders and workers in Clark Philippines where Ricafortโ€™s whopping p14 Milllion earnings in 2009 constitutes another case of graft and corruption that has marred so many government-owned-or-run enterprises in Philippines.

Subic, Clark execs highest paid govโ€™t men

See http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20100807-285364/Subic-Clark-execs-highest-paid-govt-men
for more details of the report published in Philippines Daily Inquirer

By Leila B. Salaverria
Philippine Daily Inquirer
First Posted 02:34:00 08/07/2010

…for Ricafort, the COA report showed that his basic salary was at P2.078 million. But he also received P10 million in extraordinary and miscellaneous expenses; P832,400 in per diem for sitting in the Board of Directors of the CDC and the Clark International Airport Corp.; P606,056 in Rata; P497,441 in โ€œothersโ€; and P396,344 in bonus and incentives.

BCDAโ€™s Narciso Abaya, former Armed Forces chief of staff, received a basic salary of P3.079 million. His โ€œothersโ€ amounted to P2.094 million, while the total amount of his per diem for sitting in various agencies was P1.534 million. His Rata was at P380,474.

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