The P200 M Paper Trail

The only
account that
On Nov. 21, 2002, Garcia authorized the opening of an “AFP Inter- The P200 million represented appeared in
Agency Transfer Fund” account with the UCPB in the amount of reimbursements from the United the account
the P200 million. Through an undated disbursement voucher, Gen. Nations for expenses the Armed of AFP that is
Forces had advanced for sending covered by
Garcia and Col. Fernando S. Zabat signed, a check in the amount of
peackeepers overseas. audit.
P200 million and dated Nov. 28, 2002 was issued from the AFP’s
Between
Land Bank account and deposited to the newly opened UCBP May 20 and
account. Aug. 17,
2004 it was
50 M deposit made found that
to UCPB Alfaro Acct. an amount of
#132-1121-431-8 86.4M in
debit and
34.3M in
About 22M of the deleted entries covered credit were
payments to 11 suppliers. Another 36M of the deleted from
deleted entries was moved to UCPB Salcedo on the passbook
May 20, 2004 and was paid mostly to the same 11 that AFP
100M Premium submitted
suppliers
Savings Deposit for audit
1743(PSD 1743) resulting in
AFP LandBank Account Greenhills, UCPB Alfaro 52.1
San Juan passbook #347264. discrepancy
The deposit was
11 Supplier with the same
covered by a deposit
address, bank account
slip.
and representative

50M which was

declared to be
deposited at UCPB
Alfaro(without
deposit slip) also Note: The entire P200 million was never deposited to the
PSD 1743 passbook AFP Inter-Agency Transfer Fund account as the
# 347266 but was disbursement voucher had intended. Only P50 million was
The auditors instead traced the account to traced by the placed in Saving Accounts No. 132-1121-431-8 after the
the UCPB branch on Tordesillas Street in auditors in check was encashed. The account name itself, as an
Makati. “This raises indelibly the question Tordesillas St. In entity,does not exist.
of where the P50 million supposedly Makati.
deposited under PSD 1743 with Serial No.
347266 had gone,” said the Office of the
Solictor General in its Jan. 5 motion

the passbook not only bore tampered entries

but was “fictitious and could not be
identified.” A letter from UCPB Alfaro
admitted that this particular savings account
did not exist in its system..