No deposits in fund scam, says BFP

The Bureau of Fire Protection (BFP) has denied that one of its disbursing officers invested P15 million of the bureau’s money in a dubious investment scheme.

In a statement, BFP chief Francisco Senot said no money of the bureau was invested in either ICS Exports, Inc. or Glasgow Credit and Collection Services, Inc. or any other financing or investment entities. ICS Export is accused of being behind the billion-peso financing scam that reportedly swindled 5,000 policemen, soldiers, bankers and employees from the public and private sectors.

Senot said some officers and employees of the bureau made individual placements with ICS Exports or Glasgow Credit. They are now making efforts to recover their individual investments, he revealed.