ALAN Peter Cayetano was all over the news yesterday but there was another juicy news item that piqued my interest. It seems the Philippine Olympic Committee is warning the former speaker that they will sue the Philippine Southeast Asian Games Organizing Committee (Phisgoc) for its failure to provide a financial report almost 10 months after we hosted the SEA Games.
And that came after Sen. Bong Go said service providers during the SEA Games still have hundreds of millions of pesos in collectibles for services rendered.
Is this Seag fiasco part two?
After our last hosting in 2005, Philsoc, the short name for the then organizing committee, was hounded by claims of unliquidated funds for over a decade that when then Philippine Olympic Committee president Peping Cojuangco managed to maneuver us to become the host for the 2019 games, not a few thought that it was a ploy to get off the hook.
It’s strange how Mr. Cayetano the politician managed to get himself in the middle of the SEA Games. In 2017, the Philippine Sports Commission was ready to drop the hosting because the country wasn’t prepared but Cayetano managed to change the President’s mind. Then, he got appointed as head of Phisgoc—a source said, they couldn’t use the name Philsoc because of previous issues—which is usually headed by the POC president.
And now this latest twist.
I have to clarify though, that the POC isn’t accusing Phisgoc of mis-spending the money. It is merely asking for the report. But ever since I learned we spent P50 million for the cauldron, I’ve always wanted to know how the Seag fund was spent.
The report, should it reach POC’s hands, should be made available publicly I hope.
I wonder too if this latest twist is the latest chapter of the Cayetano saga. I’ve always felt there was this divide between Cayetano and the Davao boys.
“Kang Cayetano man na,” was one telling statement issued by the PSC when the issue of the cauldron and the other glitches came up early December. Of course, such were forgotten as the SEA Games was played out and over the course of the past few months, all non-Covid related issues were brushed aside.
I wonder what the next chapter in the Cayetano Seag saga would be.