Graft court to probe Sorsogon DepEd official’s P30 million teachers coop investment

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P30 MILLION UNEXPLAINED WEALTH? Nydia N. Bercasio, Human Resource Officer of DepEd Division of Sorsogon and general manager of The Sorsogon Public School Teachers and Employees Multi-Purpose Cooperative
P30 MILLION UNEXPLAINED WEALTH? Nydia N. Bercasio, Human Resource Officer of DepEd Division of Sorsogon and Chairman of the Board of The Sorsogon Public School Teachers and Employees Multi-Purpose Cooperative

By Felix ‘Boy’ Espineda, Jr.

SORSOGON CITY (BicolToday.com/25-Nov-2012)- A complaint- affidavit against the general manager of the Sorsogon Public School Teachers and Employees Multi-Purpose Cooperative was filed at the Office of the Ombudsman by registered mail.

Nydia N. Bercasio, Human Resource Officer of DepEd Division of Sorsogon is subject of complaint before the graft court to determine the extent of violations of the provisions of R.A 6713, the Code of Conduct and Ethical Standard of Public Officials and Employees.

The complaint was filed by Mauricio Gabani of Magallanes town.

According to the complaint-affidavit of Gabani, Bercasio holds the position as the coop’s General Manager and Chairman of the Board, she is alleged to have amassed Php 30 (thirty) million in financial liquidity, basing on the 750 thousand pesos she had received as interest payment of her unrecorded investments in the cooperative.

The annexes of Gabani’s affidavit identified Bercasio to have received two Development Bank of the Philippines (DBP) checks, Sorsogon Branch, one for two hundred fifty thousand pesos (Php 250,000.) dated December 8, 2010, check number 038675885, and, for five hundred thousand pesos (Php 500,000.) issued on December 11, 2011 covered by check number 035761474.

The checks are marked Annexes “A” and “A-1” in the affidavit. The disclosure of the checks came after Gabani, formerly the general manager of the cooperative, submitted the list of member- investors as ordered by the board of directors, and in the process discovered the unsupported disbursements. In the list of member-investors, as stated in the affidavit, the name of Nydia N. Bercasio is not included.

Computing Bercasio’s alleged dividends for 2011 and 2012 by 2.5 percent, the monthly interest rate offered by the cooperative, 30 million pesos will be the worth of investments of the DepEd employee, said the affidavit.

The sources of funds of Bercasio’s property and financial liquidity are questionable, as to where and how she was able to accumulate the huge amount to invest in the cooperative is unknown, also under suspicion is her inability to submit her Statement of Assets, Liabilities and Net Worth (SALN).

As proof, Gabani attached an Ombudsman certification stating “that despite diligent search, the Statement of Assets, Liabilities, and Net Worth (SALN) for the year 2011 of Ms. Nydia Bercasio, DepEd, Division of Sorsogon is not found in the records” of the Office of the Deputy Ombudsman for Luzon. It was signed by the SALN-In-Charge, and was subscribed by a graft investigation officer.

The husband of the general manager is also employed at the same office, but he holds a lesser position. Felipe Bercasio had filed his SALN. The couple, as alleged by Gabani, owned a “mansion”.

During the past months, the cooperative is experiencing liquidity problems. Interest payments are temporarily suspended, and the 2.5 percent interest per month is now reduced to 1 percent, a sign of financial problem. These were gathered by this writer from other investors who vowed that they will go public after consulting their lawyers.

The financial condition of the cooperative is becoming a cause of worry among investors. Rumors, still unverified, are circulating that a case against Bercasio, the coop treasurer and the members of the board of directors are subjects of a criminal suit.

The investors, mostly retired government employees who entrusted their hard-earned retirement money at the coop, are crying foul with the way the cooperative is being run.

Gabani, in his affidavit, asserted that the appropriate case against Nydia Bercasio should be filed in court basing on her alleged acts, as enumerated, which have clearly established violations of the provisions of R.A. 6713, and Bercasio’s allegedly unexplained wealth. [BicolToday.com]

Copyright 2012 BicolToday.com. All rights reserved.  Read BicolToday.com Syndication Policy.

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