A sugar trading firm is under investigation by the Quezon City Prosecutor’s Office over alleged falsification of export documents, a press release from the Sugar Master Plan Foundation said.
Masagana Import Export Inc. is being probed over the complaint of the Sugar Anti-Smuggling Organization against the firm’s stockholders, directors and officers of on five export documents allegedly covering a total of 30,741 bags or more than 1.5 million kilograms of sugar submitted by the company which were allegedly spurious.
The Bureau of Customs Export Division’s Louis Adviento earlier certified that no export documents were issued to the company since January, the press release said.
The BoC added that the export documents submitted by Masagana were either issued to a different company or the signatures of the BoC officials on the documents were forged.
The sugar stocks intended for export are suspectedto have been diverted to the domestic market, the press release said.
Masagana will formally answer the complaint against them on October 3, it added.
The firm is also reportedly part of a current Senate investigation on rice smuggling as it was mentioned as one of the consignees of rice from Vietnam that arrived in Subic in June.
The rice shipment from Vietnam allegedly amounted to 45,000 sacks of rice in 90 container vans.In the House of Representatives, Rep. Magi Gunigundo also filed HR 2612 calling for an investigation in aid of legislation on the matter, the press release said.*