Binay seeks to prevent misuse of Duty Free funds amidst Teo controversy

ACCOUNTABILITY MEASURES. Senator Nancy Binay, Chair of the Senate Tourism Committee, said the Governance Corporation of Government Controlled and Controlled Companies needs to strengthen its tax practices after the Commission's findings on auditing about the use abusive Duty Free funds. Photo of Senator Nancy Binay's Office

MANILA, Philippines – While former Tourism Secretary Wanda Teo is accused of illegally using millions of Duty Free tourist funds, Senator Nancy Binay urged the Commission Governance of Government Controlled Companies (GOCCs) In light of the findings of the 2017 COA, the Governance Committee of GOCC must perform its oversight functions for GOCCs, particularly those with outstanding results. adverse audit. "(READ: COA: Teo illegally used tax-free tourism funds to buy bags, cosmetics)

Duty Free Philippines Corporation (DFPC) is a GOCC

Binay also said the GCG should "take seriously" its work to coordinate GOCC policies, as the results of the ACO have shown deficiencies in Duty Free operations.

" Appa [19659010] merong pagkukulang to operational bankruptcy kung bakit may ganitong uncontrolled withdrawals his duty free gamit lang ang gate pass slips (Apparently, there are gaps and operational failures, that's why there are withdrawals Uncontrolled Duty She added: "The GCG and the WRCP should take proactive steps to address the findings of the ACO and prevent any recurrence of similar improper practices in the future."

Senate Investigation

Binay also said that the Senate Committee on Tourism will invite Teo and former tourism officials to find out why such expenses were made at the Department of Tourism (DOT), and S & T There was Meanwhile, Binay asked Duty Free to implement the necessary measures recommended by the ACO before holding a Senate inquiry

COA recommended Duty Free should charge the Ministry of Transport for expenses and "stop the practice of"

COA said earlier that Wanda Teo, secretary of tourism resigned, had spent 4,143 million pesos to buy goods at Duty Free, pay a Consultant for Duty Free and ship duty free goods using Duty Free products. share of the profits of the Ministry of Tourism. – Rappler.com