PCSO terminates Lucky V Prime Enterprises franchise to operate STL in Albay

Published August 23, 2018, 8:24 PM

by Roel Tibay

By Nino Luces

LEGAZPI CITY, Albay – The Philippine Charity Sweepstakes Office (PCSO) has terminated the franchise of Lucky V Prime Enterprises to operate Small Town Lottery (STL) in the province of Albay.

In the Resolution number 248 series 2018 dated August 8, 2018 signed by PCSO chairman Anselmo Simeon Pinili, Vice Chairman and General Manager Alexander Balutan, directors Marlon Balite, Jesus Manuel Suntay and Sandra Cam along with board secretary lawyer Wesley Barayuga stated that the Board resolved to terminated and cancelled the STL Agency Agreement with Lucky V Prime Enterprises Corporation and its authorization as the Authorized Agent Corporation (AAC) for the operations of PCSO’s STL in Albay for its failure to comply with the provisions of and the performance of its obligations the 2016 Revised Implementing Rules and Regulations for STL operations (2016 Revised IRR) including its failure to pay and remit its Presumptive Monthly Retail Receipt (PMRR).

“Resolved further, to forfeit the cash bond of Lucky V Prime Enterprises Corporation to answer for any and all of its liabilities, including but not limited to taxes, penalties and charges, damages for default or violation of any of its obligations under IRR and the STL Agency Agreement such as non-remittance or under-remittance shortfall from PMRR, among others,” as stated in the resolution.

According to the approved resolution, the Branch Operations Sector of the PCSO reported that Lucky V Prime Enterprises Corporation has a total balance due to the PCSO amounting to P259,419,453.12 as of June 2018.

It is also stated that the Branch Operations Sector recommended the termination of the authority to operate given to Lucky V Prime Enterprises Corporation due to violation of section 18 , item e of the STL-IRR as amended by Board Resolution (BR) D – 0064 series of 2016 which states “Remit to PCSO the total sales collection less agency commission from the prize fund and sales supervisors/representatives shares from the operating fund on the following day, or on the next banking day, in case of holiday/s or the following Monday, in case of Saturdays and Sundays, before 12 noon, through the bank designated by PCSO”.

Violation of section 27, items F and G of the 2016 STL-IRR which states ” None-remittance or Under-remittance of STL sales proceeds to PCSO at any given time regardless of the subsequent settlement, without prejudice to the forfeiture of cash bond and failure to attain and remit PMRR on time”.

Violation of Section 22, Article VU of the 2016 STL-IRR which states “Use of official tickets or receipts either printed by the PCSO or ACC, in accordance with the prescribed form and design of PCSO”.

Lastly, among grounds of termination is the “Intra-Corporate Dispute” affecting the STL operations in the area.

It can be recalled that in November last year, the chairman of Lucky V Prime Enterprises Corp., Alex Herrman Alemania died in the hospital after he was shot by riding-in-tandem in front of Ayala Malls, in Legazpi City, Albay.

Perpetrators then were shot by responding policemen identified as Marlon Magsino and Michael Malveda.

Magsino died on the spot while Malveda survived with injuries.

Allegedly, the motive of the incident is the intra-corporate dispute between officials of Lucky V Prime Enterprises Corporation.

 
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