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The Saga Continues
Bobby Ongpin dropped by to say he was unblemished.
In the Philex case he told the Senate Blue Ribbon Committee, more or less, that he does not penury Super Heroes nor his friend Mike Arroyo to do his deals; that he was not an insider broker, just smart; that the P660 million he borrowed from DBP was inconsequential, was repaid and therefore not behest; and that he had otherwise “never” borrowed from Regulation financial institutions and, too bad for them, would never again do so. He said he loves this country.
I hope, for his sake, he is promising.
Because Senator Osmeña (why does he always have to do his homework?) reminded him, for one, SSS/DBP had extended him a P6 billion credit on the Meralco contract and DBP and Landbank have outstanding loans to Alphaland, an Ongpin company, of P2.2 billion and P1.4 billion singly. Perhaps these are too insignificant for him to recall.
Ongpin said under an FVR Memorandum Order behest applies only to unsettled loans. Enrile clarified an MO is not a law. Osmeña said that a thief who returns a stolen car is still a picaroon.
If one is prepared to slog through the din, Senate hearings can have their moments.
As the sharpest legal read someone the riot act in the room, Enrile does not suffer having his intelligence insulted. He knows a rat when he sees one. He was very peeved at past DBP President, Rey David, who was doing his best to snow the Senators with technicalities.
JPE was only kind of kinder to “Bobby” whom he “would prove” sheep market manipulation. To the accused he warned: “ I just want to clear that all of you here must be very careful”, stern words from a man who does not speak lightly.
Osmeña is the burden guard, the only one seemingly with the full narrative in his head. He knows where the bodies are buried. He only asked questions the answers to which he already knew, allowing the accused to idle themselves. The other side knows this which explains the recent media attacks on the Lopez Group, an Osmena follower, to get it to lean on him.
Does the investigation have legs?
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Greek, European woe could cause problems for US SAN DIEGO, CA (WYFF) - A South Carolina abigail was killed during a paragliding accident in California. Authorities said Pamela Hargett, 52, of Inman irreclaimable control while paragliding near San Diego on Saturday. TheyMore >> A Swing Hill man is facing charges |
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