The Commission on Audit (COA) has really useful the submitting of graft charges towards these involved in the 2003 three way partnership settlement (JVA) which allowed the Tagum Agricultural Development Corporation (TADECO) the lease from the Bureau of Corrections (BuCor) over 5,000-hectares of land in Davao del Norte as a banana plantation.
”Public officials involved in the BuCor-TADECO (JVA) could also be prosecuted underneath Section (e) of RA 3019 (Anti-Graft and Corrupt Practices Act),” learn the audit report of the COA.
The TADECO has been leasing the property on the Davao Prison and Penal Farm (Dapecol) since 1969 and in 2003 reached a deal with the BuCor to increase the deal to 25 years and broaden the world to five,308.36 hectares.
“What is obvious is the excessive holding of agricultural land by TADECO, which under the May 21, 2003 JVA consisted of 5,308.36 hectares, a violation of the provisions of Section 3, Article XII of the 1987 Constitution, limiting the holding of corporations to only 1,000 hectares,” learn the COA report.
“This being so, the JVA is unconstitutional,” the audit physique pressured.
The COA additionally really useful in its report “the cancellation of the May 21, 2003 JVA or make representation with TADECO for the amendment there of to conform to provision of Section 3, Article XII of the 1987 Constitution.”
House Speaker Pantaleon Alvarez initiated the investigation into the
JVA which he mentioned has been disadvantageous to the federal government and
violated provisions of present legal guidelines.
Alvarez had already filed a craft criticism earlier than the Office of the Ombudsman towards towards his former shut good friend, Davao del Norte Rep. Tonyboy Floirendo Jr., whose household owns TADECO.