Ex-BAMB CEO laughs off nepotism allegations

Morakaladi, who was fired under dubious circumstances, said he was aware of the report and at its first appearance two years ago, there was supposed to be an investigation into the allegations. “While I was happy to have these allegations investigated in order to clear my name together with my Executive Committee (EXCOM), I had an issue with the person leading the investigations as she was highly conflicted,” Morakaladi said, but declined to name the individual. “The person was a board member and not only did she want the investigations done, she also had her own private investigators that she appointed with a price tag of P250, 000,” he could only say.

Morakaladi noted that, “the board member was not interested in using a state agency which would do the job at no fee”. It is alleged that the P250, 000  was to be paid by BAMB and the board member wanted a company of her choice, which never tendered to do the private investigation. Morakaladi questioned why not use the Directorate on Corruption and Economic Crime (DCEC) or the Directorate of Intelligence and Security (DIS).