The executive board of the Philippine Olympic Committee will meet this Thursday, and will formally seek a resolution on the need to obtain an audited financial statement from the Philippine Southeast Asian Games Organizing Committee.
Members of the Execom said that a report from the PHISGOC is long overdue, and needs to be resolved.
Taking proper measures, according to sports official, needs to be done at this time.
“These controversies could have been avoided had PHISGOC met conditions in keeping with the agreement,” said Clint Aranas of archery, and a member of the Execom.
PHISGOC failed to comply with a tripartite agreement made with the Philippine Sports Commission and the POC last year.
Officials from the Philippine Sports Commission clarified that P1.461-billion, and not P6 billion, was turned over to the PHISGOC before the Games.
With an audited disclosure, an accurate verification on how the money was spent can be done
This cash figure was supposed to help organizers to be able to tackle its many obligations during the Games when it was held from Nov. 30 to Dec. 10 last year.
Aranas will formally make an inquiry with POC president Abraham Tolentino on this matter.
