File photo IFM News Iloilo
In a determined effort to uphold transparency and accountability, Mayor Jerry P. Treñas has personally taken the reins in a comprehensive investigation concerning the operations of the City Government employees’ cooperative. Expressing deep concern for the investments made by the employees, Mayor Treñas revealed his commitment to ensuring the cooperative’s financial integrity and safeguarding the interests of its members.
Last night, Mayor Treñas went above and beyond, staying engaged until 6:00 pm, seeking updates on the ongoing investigation. Lawyers involved in the process are meticulously sifting through an extensive array of documents, including real estate mortgages, chattel mortgages, and other pertinent records. The objective is to establish a clear picture of the cooperative’s financial state and any potential discrepancies.
Addressing the pressing issue of outstanding accounts, Mayor Treñas announced that demand letters will be promptly dispatched to all concerned parties. This decisive move aims to expedite the recovery of owed funds, contributing to the cooperative’s financial stability.
Recognizing the gravity of the situation, Mayor Treñas emphasized that utmost care would be exercised in addressing any lapses or irregularities. To ensure an impartial evaluation, an external auditor will be engaged to conduct a thorough fraud audit on the cooperative’s operations.
“I am deeply committed to resolving this matter with transparency and diligence,” stated Mayor Treñas. “The trust our City Government employees have placed in the cooperative must be respected, and we will leave no stone unturned in recovering their investments and settling any liabilities.”
The City Government employees’ cooperative holds a pivotal role in the financial well-being of its members, making Mayor Treñas’ proactive approach all the more essential. By personally overseeing the investigation, he seeks to restore confidence and reinforce the cooperative’s commitment to the welfare of its stakeholders.
Throughout the process, Mayor Treñas will remain steadfast in his mission to deliver a just resolution, safeguarding the financial interests of the cooperative’s members. The City Government is working diligently to rebuild trust and foster an environment of transparency and accountability.
As the investigation continues to unfold, the Mayor’s dedication to resolving the matter is resolute, demonstrating his unwavering commitment to the citizens of the city and ensuring that their investments remain secure.
