Malacanang reveals that 60% of PCSO revenues lost because of corruption

Malacanang revealed the reason why President Rodrigo Duterte decided to terminate all the gaming franchise under the Philippine Charity Sweepstakes Office (PCSO).

In an interview, Presidential Spokesperson Salvador Panelo said that there’s a conspiracy happening under PCSO that caused the government to lose share from the agency’s profit.

Panelo claimed that 60% of PCSO’s revenue only went to the wrong pockets.

“All players, all participants of the gaming corporations are involved, including even court [that] issues injunctions in favor of these operations,” Panelo said.

The Presidential Spokesperson also said that President Duterte would reveal the names of the people who are part of the massive conspiracy in PCSO.

Panelo also said that the beneficiaries of PCSO will be redirected to Philippine Amusement and Gaming Corporation (PAGCOR).

PCSO was created in 1954 to raise funds that could help the Filipinos who need medical assistance. However, several netizens shared how hard to get help from PCSO, saying that the agency workers told them that they don’t have enough funds.

On Saturday, President Duterte decided to close down PCSO because of alleged massive corruption.

As a response, PCSO complied to President’s order, however, they’re still planning to appeal to Duterte to reconsider his decision.

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