Lopezes also got DBP bail out; cost gov’t P1.6B
By Gerry Baldo 11/10/2011Not only businessman Roberto Ongpin may have benefited from the use of influence to obtain financially favorable deals with state bank Development Bank of the Philippines (DBP) but also the Aquinos’ main business backer, the Lopezes, whose companies debts with the bank were supposedly written off during the term of former President Arroyo.
Two legislators now want Congress to investigate the debt write offs on four Lopez-owned corporations that resulted in a staggering government loss of P1.67 billion.
Representatives Neri Colmenares of party-list Bayan Muna and Romero Federico Quimbo of Marikina City said they will move for a House investigation as both expressed alarm over reports that the DBP, a state-owned lender, had written off the loans of Maynilad Water, Bayantel, Central CATV Inc. and Benpres Holdings – all belonging to the Lopezes..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20111110hed4.html
1 comment
eto ang isang ebidensya na si gloria arroyo dorobo ay DILAW din at moro.moro lang yung kunwa'y away nila, na ayaw daw paalisin. at maaring isang pang.suportang ebidensya sa akusasyong si "pangulong" abs ay ang secret candidate ni arroyo at cia noong halalang 2010.
"Two legislators now want Congress to investigate the debt write offs on four Lopez-owned corporations that resulted in a staggering government loss of P1.67 billion. xxx
“According to reports citing DBP documents, the written-off loans were Maynilad Water, P710.86 million; Bayantel, P591.81 million; Central CATV Inc., P207.10 million; and Benpres Holdings, P157.95 million; for a total of P1.667 billion. Maynilad, however, was later sold to the Consunji-led DMCI Holdings Inc. after incurring losses."
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