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Graft and Corruption in Clark Philippines suspected of fat paychecks of CDC President Ricafort

Philippines Daily Inquirer follows up on expose of fat paychecks of CDC President Ricafort what smacks of graft and corruption in Clark Philippines.

Philippines Daily Inquirer published follow-up article titled Subic, Clark chiefs explain fat paychecks; solons shocked, while CDC President Ricafort brushed off the report as “unfair” and failed to submit any other response.

Subic, Clark chiefs explain fat paychecks; solons shocked

EXPRESSING SHOCK at the fat paychecks, perks and bonuses enjoyed by top executives of government-owned and -controlled corporations (GOCCs), House Majority Leader Neptali Gonzales II Saturday said he would call for an investigation to exact “transparency and accountability” from these officials.

“I think I’m in the wrong profession,” quipped Gonzales, the representative of the lone district of Mandaluyong City. He was commenting on a Commission on Audit (COA) report listing the officials receiving the highest salaries and allowances from the government, led by executives of the Subic Bay Metropolitan Authority (SBMA) and Clark Development Corp. (CDC).

But Armand Arreza and Benigno Ricafort, who supervise the two major economic zones in Central Luzon, took exception to the COA list.

SBMA Administrator Arreza said the COA did not put the expenses of his office in the proper context.

He said the P26.865 million in salary, allowances and “extraordinary and miscellaneous fees” attributed to him by the COA in 2009 was misleading because it did not give a true picture of his “total real compensation.”

At the Clark Freeport in Pampanga, CDC president and chief executive officer Ricafort bristled at Saturday’s Inquirer report on the issue, saying it was “most unfair” and “not accurate.”

In a text message he sent at 8:47 a.m. Saturday, Ricafort bewailed “the unfair focus on SBMA and CDC.”

“Bad news is good news for PDI. Sana (I wish) you focus on the contributions/results of efforts to contribute results,” he said.

Ricafort said he would issue an official statement Saturday afternoon, after concluding an executive checkup at a hospital. He had yet to do so as of 5 p.m.

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