NAIA-3 RTC judge’s extort try on Piatco bared EXCLUSIVE By Ninez Cacho-Olivares Editor-in-Chief 07/04/2011

$10M DEMANDED FOR OK OF TECHNICAL BODY PAY SCHEME

NAIA-3 RTC judge’s extort try on Piatco bared

EXCLUSIVE

By Ninez Cacho-Olivares Editor-in-Chief 07/04/2011

For a consortium’s refusal to be blackmailed into meeting the demand of Pasay City Regional Trial Court Branch 117 Judge Eugenio de la Cruz for a $10-million payoff for him to approve the Supreme Court-ordered commission’s technical evaluation report which gave Piatco $376 million plus seven years of interest due the Philippine International Air Terminals Co. (Piatco), the consortium ended up being awarded a pittance of what the consortium invested in the Ninoy Aquino International Airport 3 (NAIA-3) with the judge awarding Piatco a mere $176 million which was what the Solictor-General said government was willing to pay the consortium for the expropriation of the airport terminal.

A witness to the judge’s extortion try, through a source, told The Tribune yesterday that he was present when Judge De la Cruz demanded a $10-million payoff, if Piatco wanted him to award it with the amount the court-appointed technical commission’s report to the Judge stated as just compensation which was $376 million plus interest for the past seven years..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110704hed1.html