SBMA losses P1.7M to thieves
By Tonette Orejas, Inquirer News Service
SUBIC BAY-- (UPDATE) Unidentified thieves carted away 1.7 million pesos from the treasury of the Subic Bay Metropolitan Authority Administrator Armand Arreza told the Inquirer at 9 p.m. on Tuesday. Arreza said the heist, the first at the state-owned base conversion agency and discovered by cashiers also on Tuesday, could have happened within the past 24 hours.
He said investigators have yet to gather all the details following the discovery of the break-in.
Arreza explained that in an arrangement with the Land Bank of the Philippines during holidays, the money was kept at the SBMA treasury.
The amount, in cash and checks, was the agency's collection last October 28, he said.
SBMA Chairman Feliciano Salonga said SBMA officials, from senior deputy administrators to department managers, have been placed under protective suspension in the meantime.
He added that closed-circuit television camera footage would be reviewed and that an investigation would be conducted.
"How can we encourage investors to invest if we can't solve these incidents or make the necessary moves to prevent the same?" Salonga said.
SUBIC BAY-- (UPDATE) Unidentified thieves carted away 1.7 million pesos from the treasury of the Subic Bay Metropolitan Authority Administrator Armand Arreza told the Inquirer at 9 p.m. on Tuesday. Arreza said the heist, the first at the state-owned base conversion agency and discovered by cashiers also on Tuesday, could have happened within the past 24 hours.
He said investigators have yet to gather all the details following the discovery of the break-in.
Arreza explained that in an arrangement with the Land Bank of the Philippines during holidays, the money was kept at the SBMA treasury.
The amount, in cash and checks, was the agency's collection last October 28, he said.
SBMA Chairman Feliciano Salonga said SBMA officials, from senior deputy administrators to department managers, have been placed under protective suspension in the meantime.
He added that closed-circuit television camera footage would be reviewed and that an investigation would be conducted.
"How can we encourage investors to invest if we can't solve these incidents or make the necessary moves to prevent the same?" Salonga said.
posted by OlongapoCity Zambales at
11:36 AM
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