Three employees of the Capiz Electric Cooperative, Inc. (CAPELCO) have been terminated for allegedly stealing the cooperative’s P2-million collections.

Engr. Edgar Diaz, CAPELCO general manager, ordered the dismissal from service of Evangeline Dadivas, cashier division supervisor; Cristeta Flotildes, assistant cashier; and Renee Bacarro, cashiering division teller.

The terminated employees were all from CAPELCO’s Finance Services Division. All separation benefits of the three employees were also forfeited.

They will also face criminal charges.

Diaz told Panay News that the three employees were found to have violated the cooperative’s Code of Ethics on falsity, fraud, gross negligence, misappropriation of cooperative funds for personal gain, and lapping or rolling of collections.

He said the three workers connived in misappropriating the cooperative’s funds for personal gain. They were dismissed last December 18.

Dadivas is resident of President Roxas, Capiz while Flotildes and Bacarro are from the town of Panit-an.

The three failed to remit collections dated October 17, 20, 21 and 22 last year from the cooperative’s sub-offices in Dao, Mambusao, Dumalag and Pilar.

The collections amounted to P2,022,118.70.

Diaz said the three employees have been in the cooperative for 34 years and were about to retire this year.

He said the P3.7 million retirement privileges of the three employees will also be forfeited.

The cooperative will also file estafa charges against them.

“It’s sad to impose the penalties against them. I have nothing to do but to follow the law of the cooperative,” Diaz said.

Diaz said he never fails to remind the employees of the CAPELCO’s Code of Ethics each time they have a meeting.