Ex-DBP exec asks antigraft court to lift hold order
A former senior official of the Development Bank of the Philippines (DBP) has asked the Sandiganbayan to lift a hold departure order issued by the court on Jan. 21 and allow her to travel abroad.
A former senior official of the Development Bank of the Philippines (DBP) has asked the Sandiganbayan to lift a hold departure order issued by the court on Jan. 21 and allow her to travel abroad.
Ombudsman Conchita Carpio-Morales on Wednesday gave the go signal to prosecute officials of the Development Bank of the Philippines (DBP) in connection with the grant of two loans worth a total of P660 million in 2009 to Delta Ventures Resources Inc. (DVRI).
The lawyer of business tycoon Roberto Ongpin on Saturday said the Court of Appeals’ order freezing Ongpin’s bank accounts is “totally without basis and completely unjustified.”
The head of the National Capital Regional Police Office (NCRPO) has ordered an investigation into a burglary that took place over the weekend at the Muntinlupa branch of the Development Bank of the Philippines (DBP) to determine whether or not it was an inside job.
The city council approved a request by Mayor Alfred Romualdez Jr. to borrow P400 million from the Development Bank of the Philippines (DBP) for projects that include a sanitary landfill.
Businessman Roberto Ongpin on Sunday countered the contention of Senator Sergio Osmeña III that an affidavit made by businessman Manuel Pangilinan “pins down” the former trade minister on insider trading charges.
I, MANUEL V. PANGILINAN, of legal age, Filipino, with office address at First Pacific Company Limited, 24th Floor, Two Exchange Square, 8 Connaught Place Central, Hong Kong SAR, China, after having been sworn in accordance with law, hereby depose and state that:
Finally appearing before a Senate committee looking into the loans he obtained from Development Bank of the Philippines (DBP), businessman Roberto Ongpin on Monday said he did not obtain behest loans from the state-owned bank based on a memorandum issued by former President Fidel Ramos in 1992.
Roberto Ongpin denied that he owned the company which was allegedly granted a $90-million loan (P3.8 billion) by the Development Bank of the Philippines even without a loan application and a license to do business in the country.
Businessman Roberto Ongpin on Monday faced a Senate inquiry for the first time to answer allegations that he was granted behest loans by the state-owned Development Bank of the Philippines (DBP).
Businessman Roberto Ongpin can’t wait to wade into the fray, having so far escaped tough interrogation during the first two Senate hearings into the controversial loans that he got from the Development Bank of the Philippines (DBP).
A Malacañang Palace aide said Saturday there won’t be a repetition of the controversy hounding the Development Bank of the Philippines under the Aquino administration.
Was it a case of businessman Roberto Ongpin being smart or Development Bank of the Philippines (DBP) officials during the Arroyo administration being stupid?
