A criminal complaint against Philippine International Trading Corporation President and Chief Executive Officer Dave M.
Almarinez was filed before the Office of the Ombudsman on Monday, June 7, for alleged questionable and inefficient use of funds intended for the procurement of goods and services in 2019.
He accused Almarinez of violating Article 217 of the Revised Penal Code as amended by Section 40 of Republic Act No.
Gadon said funds were still transferred to the PITC despite the absence of complete documentation, which resulted in delays in the implementation of procurement. Idle funds worth P7.931 billion were reportedly accumulated as of Dec. 2019, he claimed. At the same time, he said there were “unexplained balances” amounting to P349.419 million that were not returned by the PITC to the source agencies.
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