State-run Philippine Amusement and Gaming Corp. said Wednesday its new management is revalidating the veracity of the documents submitted by third-party auditor Global ComRCI.
This followed a Manila Standard report that Soleil Chartered Bank issued a statement denying the issuance of a bank certification to Global ComRCI, PAGCOR’s third-party auditor for offshore gaming licensees, whose contract commenced in December 2017.
“In relation to this report, PAGCOR would like to reiterate that since the assumption of its new management in August 2022, all contracts – including that of Global ComRCI—were put under review in September 2022,” PAGCOR said.
“Should PAGCOR be able to prove that the documents submitted were spurious, it will immediately take legal action and cancel the contract of its third-party auditor, if found warranted,” it said.
Atty. Elpidio Soriano III of Soriano Belmonte & Partners Law Offices confirmed the veracity of the statement sent to Manila Standard.
“As legal counsel and after discussions with my client, we confirm the earlier statements by SCBNY’s business liason officer as published in Manila Standard. Further, if the Philippine government or any of its department or instrumentalities would like to confirm SCBNY’s position on the matter, they can directly correspond with SCBNY through their official email address as published in the website,” Soriano said.
The state-run gaming firm said it conscientiously looked into the matter and would take the necessary actions to safeguard public interest. “PAGCOR upholds strict adherence of its offshore licensed operators and accredited service providers to whatever laws which may be applicable to them,” it said.