PLDT Inc. stressed that an internal audit triggered by the recent discovery of P48 billion in overspending in the last four years was still ongoing as the embattled telco giant faces scrutiny over its regulatory disclosures to the public.
The company also played down and denied parts of an exclusive interview PLDT chair Manuel V. Pangilinan (MVP) gave to the Inquirer, where he admitted to lapses in their supposed budget overruns that came amid surging expenses during the pandemic.
“The company denies the veracity of the statements attributed to Mr. Pangilinan made in relation to ‘unrecorded transactions’ or ‘undocumented purchase orders,'” PLDT said in a Philippine Stock Exchan…
Keep on reading: PLDT faces more PSE scrutiny over P 48-B budget overspend
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