Auditors find Makati fund irregularities

A Commission on Audit report on Makati City’s finances has indicated serious fund irregularities committed by city officials, including the grant of P200 million in cash advances as a means of evading regular public biddings for various city projects.

The CoA report assailed the administration of Mayor Jejomar Binay for failing to justify the cash advances as it pointed out irregularities committed in the disbursement of the funds.

An outspoken critic of graft and corruption allegedly instigated by Malacañang, Binay was asked to stop the practice of granting cash advances for purchases that ordinarily should pass “public biddings or other modes of procurement” as provided under the law.

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