OWWA BETRAYAL: ₱1.4 BILLION LAND DEAL SHAKES OFW TRUST. скачать в хорошем качестве

OWWA BETRAYAL: ₱1.4 BILLION LAND DEAL SHAKES OFW TRUST.

The OWWA land transaction is characterized as both ultra vires and anomalous. "Ultra vires," a Latin term meaning "beyond the powers," signifies that the transaction exceeded the legal authority granted to the OWWA administrator. This likely involved the purchase of land without the necessary approval from the OWWA Board of Trustees, violating established governance procedures and potentially relevant laws. The "anomalous" nature of the transaction suggests irregularities beyond the mere lack of authorization. This could encompass questionable pricing, undisclosed conflicts of interest, lack of transparency in the procurement process, or other practices deviating from standard business ethics and legal requirements. The combination of ultra vires actions and anomalous practices raises serious concerns about potential mismanagement of public funds intended to benefit Overseas Filipino Workers (OFWs). Investigations would likely focus on determining the extent of the irregularities, identifying those responsible, and recovering any misappropriated funds. www.cisph.net   / attybueno   3 sources