The Supreme Court has upheld the dismissal for gross neglect of duty of a Land Bank of the Philippines (LBP) manager whose branch nearly cleared for encashment a bogus P26-billion check in 2002.
A company affiliated with debt-strapped Uniwide Group of Companies lost its bid for a court-assisted corporate rehabilitation and was cited for “forum shopping,” in view of a similar case lodged in the Securities and Exchange Commission in 1999.
Listed information technology solutions provider DFNN Inc. is seeking an amicable settlement with the state-owned Philippine Charity Sweepstakes Office (PCSO) over a wireless lotto betting contract dispute after recently getting a favorable ruling from the Court of Appeals.
When, about a week ago, the Court of Appeals cleared former Palawan Governor Joel Reyes of murder charges for the shooting of radio block timer Gerardo Ortega, Justice Secretary Leila de Lima went to media town with terms like “foul tactics” and “illicit means,” in reaction to the CA decision.
Fourteen former officials of the Development Bank of the Philippines, led by chairperson Patricia Sto. Tomas, have asked the Sandiganbayan to dismiss two graft charges filed against them by the Office of the Ombudsman in connection with the alleged “behest” loans granted in 2009 to Delta Ventures Resources Inc. (DVRI), a firm owned by businessman Roberto Ongpin.
A former stockbroker who had defrauded clients was convicted for seven violations of securities laws, the first criminal conviction under the Securities Regulation Code.
Philippine National Construction Corp. (PNCC) has fended off an attempt by businessman William Gatchalian to take control of the company after the Court of Appeals ruled that the government was correct to reject the latter’s P1.2-billion bid during PNCC’s failed privatization effort for being way below the floor price.
The Sandiganbayan has allowed businessman Roberto Ongpin to travel abroad for one month to attend business meetings.
Businessman Roberto Ongpin pleaded not guilty at his conditional arraignment at the Sandiganbayan on Wednesday to graft charges in connection with P660 million in alleged behest loans that his Deltaventures Resources Inc. (DVRI) obtained from the Development Bank of the Philipines (DBP) in 2009.
The government’s Public-Private Partnership (PPP) projects may be slow to get out of the starting blocks, but one certainly cannot accuse officials of the PPP Center of sleeping on the job.
Businessman Roberto Ongpin has petitioned the Sandiganbayan to recall the hold-departure order it issued against him and allow him to travel abroad to attend business meetings and conduct negotiations.
Gaming giant Wynn Resorts called on shareholders Monday to eject Japanese tycoon Kazuo Okada from the Wynn board of directors in a special vote scheduled on Feb. 22.
