Roberto V. Ongpin: ‘Snake pit’ beckons
By Fernando del Mundo
When the phone rang one day in May 1979, he was not to know that he would be caught in one of the most tumultuous chapters in Philippine history.
When the phone rang one day in May 1979, he was not to know that he would be caught in one of the most tumultuous chapters in Philippine history.
Senate President Juan Ponce Enrile on Sunday urged the government to make public the records of the defunct National Intelligence and Security Authority (Nisa) because these would provide more interesting details about the Marcos dictatorship, including the so-called Binondo Central Bank.
The so-called Binondo Central Bank (BCB) referred to a group of major currency traders organized in November 1983 to provide badly needed dollars to importers, traders and large corporations that acquired raw materials and services from abroad.
Businessman Manuel Pangilinan may no longer be called by the Senate to explain his purchase of a bulk of Philex Mining shares since as a buyer, he cannot be held responsible for any insider trading that occurred within the company.
Senator Sergio Osmeña III on Sunday said the pending complaint for graft and violations of banking laws against businessman Roberto “Bobby” V. Ongpin and several others before the Office of the Ombudsman would not prevent his committee from investigating the P660-million alleged “behest” loan granted to the former trade minister by the Development Bank of [...]
