Friday 18 January
Jan 22, 2018 @ 17:55

P1B penalty not enough! House wants Hyundai punished for making mockery of car program


Members of the House of Representatives believe the Board of Investments (BOI) should stop treating Hyundai Asia Resources, Inc. (HARI) with kid gloves after it was found to have cheated the government of at least P1 billion in duties.

In a report by Abante, Akbayan Rep. Tom Villarin Ako Bicol Rep. Rodel Batocabe, and Manila Teachers Party-list Rep. Virgilio Lacson believe that suspending HARI for a few months would not be enough after it was caught red-handed passing off completely built-up (CBU) units of its compact car Eon and a commercial vehicle as semi-knocked down units (SKD).

HARI cheated the government of at least P1 billion when it paid only one percent for the fake SKD units instead of paying as much as 30 percent for the CBUs or whole vehicles except for tires and batteries.

?Facilitating investments means government should look into good investment practices as benchmarks in allowing foreign companies to avail of breaks in tax and import duties. HARI?s non compliance should not be taken lightly and dealt with in an appropriate manner,? said Villarin.

Batocabe said it was not enough for the Board of Investments to suspend HARI and allow it to correct its violations to return to the Motor Vehicle Development Program (MVDP) where it was expelled last June 2017.

?Para madispilina. Ako, against din ako sa mga palusot, nagpapalusot,? said Batocabe.

Manila Teachers Party-list Rep. Virgilio Lacson, who led the probe on the HARI’s smuggling, said the House Committee on Ways and Means should conduct another hearing on the Hyundai cheating scandal and ensure that its officials – – which is led by Chairman Emeritus Richard L. Lee, Chairman Edward S. Go, Vice Chairman Conrad G. Marty at President and CEO Ma. Fe Perez-Agudo – should be compelled to appear after they snubbed the previous two hearings.

Lacson wanted the Bureau of Customs to assess HARI’s violations and determine whether it should be penalized or punished on top of the P1 billion tax dues levied by the BOI.

Hyundai officials huhubaran sa P1B smuggling

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