Araneta Center rebuffs COA report, says no outstanding liabilities with LRTA

Adrian Ayalin, ABS-CBN News

Posted at Jul 25 2018 06:08 PM

MANILA - The management of Araneta Center Inc (ACI) denied owing the Light Rail Transit Authority (LRTA) rental and deposit payments as stated in the 2017 Commission on Audit (COA) report on the government agency that oversees operations of LRT Line 2.

The line, which runs from Santolan Avenue in Pasig City to C.M. Recto Avenue in Manila, includes Cubao Station where stalls are leased to various companies, including ACI.

The recently released COA report had said ACI, among other companies, owed LRTA P1.156 million for 14 commercial stalls as it only paid P1.158 million instead of P2.314 million.

The report also said ACI owed the LRTA P463,050 for non-payment of security deposits.

ACI, however, denied having any pending liability with LRTA.

“Kindly note that we are updated with our payments on security deposit and rentals with LRTA and we have no outstanding liabilities with LRTA,” ACI said in a statement sent to ABS-CBN News.

ACI also sent copies of three receipts and one acknowledgment receipt of payments issued by LRTA for rentals covering 2017. 

These showed the following payments: 

- P1.053 million on January 5, 2017 for lease from January to March; 
- P1.053 million on July 4, 2017 for lease from April to June; 
- P1.053 million on July 24, 2017 for lease from July to September; and 
- P1.053 million on October 4, 2017 for lease from October to December.

ACI also gave copies of security deposit receipts paid on February 2, 2016 amounting to P421,312 and an additional P22,050 paid on February 15, 2018 to cover the increase in the deposit rate.