CFI to take to court unreleased JVA for Carbon Market

📆 21/10/2020 13:55:00
📰 cebudailynews

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CEBU CITY, Philippines—The CFI Community Cooperative is asking the Cebu City government to reveal the details of the proposed Joint Venture Agreement (JVA) for the development of the Carbon Market

If the city government fails to do so despite accepting the P50,000 the CFI paid for the documents, they will bring to court and the Commission on Audit the said JVA.CFI chairperson Winston Garcia said the CFI will file charges of estafa against the Joint Venture Selection Committee for failing to release the documents they paid for.

Garcia questioned the proposed JVA as he said the conglomerate wanted to transform the Freedom Park into a condominium complex, a plan that would destroy the historical value of the area.He also claimed that there was no land appraisal that would help the city government identify the losses to be incurred if the conglomerate’s planned development.

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