• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Region

Cashier arrested for theft of P150M power firm funds

Dexter A. See by Dexter A. See
April 9, 2015
in Region, Region 1 and 2
Reading Time: 2 mins read
2 0
0
1
SHARES
12
VIEWS
Share on FacebookShare on Twitter

SAN FERNANDO CITY, La Union – The National Bureau of Investigation (NBI) regional office here arrested on Wednesday the former head of the cashiering section of the La Union Electric Cooperative, Inc (Luelco) who was wanted for six counts of qualified theft after she allegedly amassed around P150-million collections of electric bills.

Cecilla Olarte, Luelco’s former cashier, was arrested in her house in Barangay Sta. Cecilla, Aringay, La Union at around 7:00 a.m. by the arresting team led by Atty. Dave Alunan, NBI assistant regional director.

Alunan and his team implemented the warrant of arrest issued by Judge Ethelwolda Jaravata of the Agoo Regional Trial Court Branch 32 against Olarte who was reportedly in hiding for several months.

RelatedPosts

Tabuk benchmarks “Smart City Concept” from Cauayan City

NEDA-CAR briefs PS Representatives on region’s dev’t direction

Field Operations Division to focus on better performance in 2023

It can be recalled that Olarte was charged in court after the investigating prosecutors Gaudencio Valdez Jr. and Braulio Tade, in their resolutions approved by provincial prosecutor Danilo Bumacod, found sufficient evidence to indict her for the crime of qualified theft, a non-bailable offense.

Initially, Valdez resolved eight of the 19 cases of qualified theft based on the complaint of Ramon Posadas, Luelco general manager, while Tade resolved the other 11 cases.

But an NBI source said only six counts of qualified theft were listed in the warrant and that the amount lost is around P150 million which is doubled that the initial P75-million.

Based on Posadas’ complaint, Olarte allegedly did not deposit to the Luelco account the collections for Sept. 21, and Oct. 16, 2012 and the collections for March 12, 13, 18, 20, 21, and 25, 2013 with a total amount of P39, 831,000.

Olarte also allegedly did not deposited the whole amount of P55, 217,170 collections for March 27, 2013 and April 1,2,3,4,8,10,12,15,16 and 18, 2013. Of the total P55, 217,170, she allegedly deposited only P19, 896, 835 with undeposited amount of P35, 320, 343 based on computations.

ADVERTISEMENT

Posadas claimed that the huge undeposited collections were found out during an audit conducted by auditors of the National Electrification Administration and internal audit of Luelco.

“She is the only person who is in custody of the collections of Luelco during that period and because she could not account for the missing money, she violated the trust given to her to keep the funds of the cooperative,” Posadas said in his affidavit.

Olarte denies any wrongdoing claiming that the missing amount which were not deposited were given as cash advances to Luelco officials, employees and contractors.

However, during the investigation, Olarte failed to show proof where the amount collected went.

“Her failure to account for the amount she collected which she failed to deposit can only lead to one conclusion that she took the money belonging to Luelco and used it for her own personal use and benefit,” reads part of the resolution.

Olarte is temporarily detained at the NBI office here before his formal turn over to the Regional Trial Court in Agoo.

By Dexter A. See

ShareTweetSend
ADVERTISEMENT
Previous Post

P2.6 trillion budget not pork barrel free

Next Post

City to pursue demolition of BIBAK illegal structures

Dexter A. See

Dexter A. See

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory. Our motto ‘we deliver the balanced news that matters to you’ was conceptualized to make it clear to our readers what to expect from our new writers and columnists.

Related Posts

Tabuk mayor commits more patrol vehicles for PNP

Tabuk benchmarks “Smart City Concept” from Cauayan City

by ---
January 27, 2023
0

TABUK CITY, Kalinga – As part of Mayor Darwin Estrañero's visionary agenda to transform Tabuk City into a smart city,...

Impact study on Cervantes-Mankayan-Abatan road underway

NEDA-CAR briefs PS Representatives on region’s dev’t direction

by Marissa Cabato
January 27, 2023
0

NEDA-CAR Assistant Regional Dir. (ARD) Stephanie F. Christiansen provided the Cordillera development context and direction in the next six years...

DA-CAR readies Php4.4M-worth Rehab Plan for flash flood-affected Banaue farmers

Field Operations Division to focus on better performance in 2023

by Jonathan Llanes
January 26, 2023
0

ARINGAY, La Union – The Field Operations Division (FOD) of the DA-RFO CAR has set its goals of performing better...

Next Post

City to pursue demolition of BIBAK illegal structures

Mall, tenants pay P272.99M to Baguio

New Cagayan-Apayao-Ilocos Norte road to boost development

ADVERTISEMENT

Recent News

CAR Experts Triangulate Highlands Growth Snags

Marijuana Legalization on Hiatus

January 28, 2023
Cayetano’s ‘Presyo Trabaho Kita/Kaayusan’ (PTK) program continues to empower Davaoeños post-pandemic

Cayetano’s ‘Presyo Trabaho Kita/Kaayusan’ (PTK) program continues to empower Davaoeños post-pandemic

January 27, 2023
Tabuk mayor commits more patrol vehicles for PNP

Tabuk benchmarks “Smart City Concept” from Cauayan City

January 27, 2023
Impact study on Cervantes-Mankayan-Abatan road underway

NEDA-CAR briefs PS Representatives on region’s dev’t direction

January 27, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist