I've just read that Meralco owes 10 billion worth of refund to their consumers. I've also read that there is a need for more audit and investigative accounting procedures needed to identify and sort out "fishing" activities allegedly done by this giant power provider.
What is it also that I read that GSIS spokeswoman, Atty. Elamparo, accused Meralco officials to have been committing forgery by using their employees' signature from their own time cards. That's just plain elementary sickening! For those employees, please do speak up and verify.
Meralco should open their books now and get it over with. Clear their name or be accountable for all the billions of corrupted money from us, consumers!
Just like former NEDA secretary Neri said, "they are accountable for being a publicly listed company and a PUBLIC UTILITY company."
What a whole accounting, legal and media mess, and this is ran by a private entity! What a stain to our business nature.
Hay, People never learn to take hint from other monkey-business doers who have met their doom due to their own scams. Meralco, please come out and and get your answers together because the headlines are really upsetting.
P.S. Is Celine Lopez even related to these Lopezes? Just trying to connect the trend.
1 comment:
Do you think the employees of meralco do not support their management, that management has to forge their signatures to get their proxies?
We the employees of meralco, our supervisory and rank & file unions and all the professional organizations in this company support our chairman, mr. m. m. lopez and management. As sockholders, we will give our proxies to management voluntarily, willingly and with full trust.
For a company such as ours, which is always in the public eye and easy prey for scheming politicians and corporate raiders, our best defense is to comply with what the law provides.
Meralco is also regularly audited by SGV. Monitored by the SEC, ERC and COA.
And how i wish this government can say the same!!!!
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