GLEDCO members’ fear allayed

LAOAG CITY, June 29–Enrico Aurelio, board chairman of the GLEDCO (Government of Laoag Employees Development Cooperative), allayed members’ fear that the case of city treasurer Elena Asuncion on the alleged P90 million city fund anomaly may adversely affect the coop management.

Aurelio said the members have nothing to fear as he assured them that Asuncion as a member of GLEDCO board of directors had never signed any documents, touched any papers nor meddled with the coop operations.

The city treasurer had left the country before the treasury scandal broke out.(tsg/tc)