House to grill CDC for alleged trading of petroleum products
A senior lawmaker has called for a congressional inquiry into alleged violations by the Clark Development Corporation of its mandate under Republic Act 9400.
Rep. Carmelo Lazatin (1st District, Pampanga) filed HR 2903 urging the House Committee on Bases Conversion to investigate the alleged engagement of Clark Development Corporation (CDC) in trading of petroleum products.
“It was alleged that CDC has engaged itself in the trading of petroleum products, a function outside of its mandate,” Lazatin said.
Furthermore, the mandate of CDC, Lazatin said, is similar to the PEZA within the provisions provided for under RA 9400 with no express authority to engage in business.
RA 7916, as amended, provides that “PEZA shall register, regulate, and supervise all registered enterprises within the Special Economic Zones.”
Because of reports of CDC’s alleged acts of engaging in functions outside its lawful mandate, Lazatin said there is a need to investigate if the CDC has committed a serious violation of its mandate.
The CDC, under Republic Act 722, which was amended by RA 9400, is mandated to run the economic and business affairs within the Clark Freeport Zone.
The measure has been referred for appropriate action to the special Committee on Bases Conversion chaired by Rep. Manuel S. Agyao (Lone District, Kalinga).