Raps dropped vs. ex-DOF exec in tax credit scam
MANILA - A former senior finance official charged in one of the cases involving alleged irregularities in the grant of tax credits to unqualified local firms 25 years ago has been cleared by the Sandiganbayan. In a decision dated April 19, Uldarico Andutan Jr. was acquitted of falsification and graft arising from one of the transactions for tax credits while he was Deputy Executive Director of the Department of Finance (DOF) One-Stop Shop Inter-Agency Tax Credit and Drawback Center. Andutan was charged when he issued a tax credit certificate (TCC), amounting to PHP5.03 million in favor of Colu...
Source: philippinetimes.com