The Sugar Regulatory Administration (SRA) has denied irregularity in the release of the P24.8-million antismuggling fund to the Sugar Masterplan Foundation Inc. (SMPFI), saying that the amount is part of private funds.
“There’s nothing irregular on the release of the fund to SMPFI because the fund was voluntarily contributed by the sugar planters and millers, with the purpose of funding the activities of the SMPFI in apprehending the entry of smuggled sugar into the domestic market,” SRA Administrator Ma. Regina Bautista-Martin said on Friday.
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