Billions in farm funds used for Arroyo campaign
OUR latest report follows the trail of nearly P3 billion released by the Department of Agriculture (DA) during the 2004 presidential campaign. Our investigation found that big chunks of that money were diverted to congressmen, mayors and governors who are allies of President Arroyo. We also found that a portion of the money mysteriously ended up in the hands of obscure private foundations and companies. At least one of these foundations doesn’t exist, according to records of the Securities and Exchange Commission (SEC). From the foundations, the money was siphoned to the Arroyo campaign, say DA insiders, Commission on Audit investigators and farmers’ groups.