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Fernandez to expose POC fund misuse

Published

By Nick Giongco

Peping Cojuangco, and Mon Fernandez

Peping Cojuangco, and Mon Fernandez

Former basketball star Ramon Fernandez yesterday vowed to go after Philippine Olympic Committee (POC) president Jose ‘Peping’ Cojuangco Jr. on the alleged misuse of funds it received from the previous administration of the Philippine Sports Commission (PSC).

Fernandez, one of four PSC commissioners, posted on his social media account: Peping WAIT FOR ME WHEN I GET BACK. The feud between Fernandez and Cojuangco, 82, intensified when the former Tarlac lawmaker accused the ex-Toyota standout of game fixing during his PBA days.

“Traditional politician and mudslinger,” Fernandez told the Bulletin from Japan as he brushed off Cojuangco’s allegations that he threw away games during his storied 20-year career mostly with Toyota and San Miguel.

Fernandez noted that Cojuangco has financial obligations that remain unliquidated in past dealings and projects that were sanctioned by the PSC of then chairman Ricardo Garcia.

In fact, the PSC even received a letter from the Commission on Audit in July last year asking that POC secretary general Steve Hontiveros to return more than P27-million that were spent during the hosting of the 2005 Southeast Asian Games.

Fernandez is also finalizing the documents that will list the PSC’s regular flow of assistance to the POC from 2010 until the first half of 2016 that included funding for the seminars of POC officials to various trips abroad and other POC activities.

Fernandez is due to be back in the country tomorrow night and Cojuangco said he’s ready to engage him over the issues Fernandez raised against him and the issues he has against the four-time PBA MVP awardee.

“Sige,” said Cojuangco yesterday, meaning let’s get ready to rumble. Cojuangco also has his hands full engaging PSC chairman William Ramirez in a verbal tussle over the training of elite athletes.

The POC president said the PSC has no business training athletes which he said is purely the domain of the POC.

Ramirez countered that if the PSC cannot participate in preparing athletes who get funding from them for training, travel and international competition, then the POC should try to raise its own funds and stop asking the PSC for financial support.

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  • diego

    This old man is the father of Jueteng in the country, it started when he was the Speaker of the House in 1986, every cobrador in our place when asked who is the jueteng boss they will just say for Peping Cojuangco then later Bong Pineda came into the view.

    Not only that he created POC Philippine Olympic Committee as what we knew about it, this entity is to develop Philippine athletes to compete in international games and competition but sad to find out this is a private company owned by this old man and with the father of Sen Hontiveroz to collect money from the govt for athletes, but goes directly to their personal funds. So the result since we have the POC we dont have good athletes and this families are the best pocket athletes.

  • doubting tomas

    Yung mukha sa kaliwa ang dahilan kung bakit walang
    nangyari tapos ng EDSA UNO.

    • Mr. Pepsi Max

      maraming dahilan, kasama pa sila tandang enrile. haha

  • J Delacruz

    Who will get disadvantaged by this Feud? our sport program. Baka ma suspende pa tayo .

    • Sometimes feuds and a step backward is required. In a ideal world everyone gets on well together. But the world is not ideal this is not F@#king DISNEYLAND. We have to face reality there will be issues that lead to progress further along the lines.

  • alisto101

    Peping is the leader of the Kamag-anak group during the Cory administration. The most corrupt politician of his time…

    • Mr. Pepsi Max

      so why did duterte appointed him? hmmm

      • MakaPilipinas

        hi did not.

  • oso

    still clinging to the POC at 82 years old? sayang din kasi ang millions ganon lang ba yon?