THE Commission on Audit (COA) noted mismanagement of carabaos (water buffaloes) at the Philippine Carabao Center (PCC), prompting state auditors to ask the government-owned and -controlled corporation to take care of the company’s P440-million live assets.
According to government auditors, of the 2,326 carabaos worth P440.2 million, a tenth of the animals have been found not having ear tags, which suggests that the PCC does not declare ownership over those animals.
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