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THE Philippine Olympic Committee reiterated on Wednesday that the Philippine Sports Commission had a hand in the Commission on Audit sending a demand letter asking the organization to liquidate a P10-million financial assistance that was released 25 years ago.
“The Affidavit of Undertaking was sent to us weeks before the Asian Games started, or before the PSC and COA sent that demand letter late September 20,” Tolentino said. “Therefore, who’s telling the truth here?” “Time was running out in booking the flights so I and the POC diligently took the logical initiative to advance payments in order to guarantee that our athletes are flying to Hangzhou,” he said. “We started booking flights in the absence of a clear guarantee from the PSC only 10 days before the Asian Games.”
Provision No. 6 of the undertaking stated “I also acknowledge that as per the records of the PSC Accounting Division as of 30 August 2023, herein attached as ‘Annex A,’ POC has prior unliquidated financial assistance amounting to Thirteen Million Two Hundred Thirty-eight Thousand Twenty Pesos and Fifty Centavos .”
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