Businessman Roberto Ongpin has asked the courts to dismiss the graft charges against him and 24 current and former officials of the Development Bank of the Philippines (DBP), reiterating that the loans he obtained from the state-owned bank had been fully paid and, as such, could not be considered behest.
Saying that the statements were true and the commentary fair, a Makati prosecutor dismissed a libel suit filed by a lawyer against four Development Bank of the Philippines (DBP) officials and the Inquirer editor in chief.
Ombudsman Conchita Carpio Morales dismissed from service 13 officials from the Development Bank of the Philippines (DBP) for granting P660 million in behest loans to Deltaventures Resources, Inc. (DVRI) in 2009.
Development Bank of the Philippines has earmarked P5 billion for a lending program that aims to help develop the agribusiness sector.
A former chairman of the Development Bank of the Philippines was acquitted of graft for giving a P188 million loan guarantee to the Sta. Ines Mining and Steel Corp., which was allegedly not backed by sufficient collateral.
In the end, it’s still former First Gentleman Jose Miguel Arroyo. Senator Sergio Osmeña III on Wednesday wrapped up the first part of the committee on banks’ investigation into the alleged P660-million “behest” loan granted by the Development Bank of the Philippines (DBP) to businessman Roberto “Bobby” Ongpin, a friend of Arroyo.
A new, “reformed” Development Bank of the Philippines (DBP) is the latest poster boy for President Benigno Aquino III’s path of righteousness (daang matuwid).
The World Bank has approved a $50-million loan for Development Bank of the Philippines for relending to infrastructure development initiatives in various regions in the country. The loans will be extended by DBP particularly to local government units, public utilities and state-owned firms that are engaged in the development of infrastructure projects in various parts [...]
MANILA, Philippines – The Development Bank of the Philippines has allegedly approved a $90 million loan (P3.8 billion) for a company owned by businessman Roberto Ongpin despite the absence of a loan application, a senator revealed on Thursday. Global Air Services (GAS), Senator Sergio Osmeña said, was not licensed to do business in the country [...]
A few of our beloved senators, taking the side of the present “bosses” at DBP—including their politically connected principals—already saw a lot of wrong in the Philex deal between the bank and a private investor named Roberto Ongpin. As the headlines indicate, the Senate just started an “investigation” of the deal, giving media a field [...]
A party-list lawmaker is seeking a House inquiry into the multibillon-peso loans extended by the state-owned Development Bank of the Philippines (DBP) to big private corporations, saying that its funds are primarily intended for small and medium-scale industries.
The state-owned Development Bank of the Philippines was shaken on Tuesday by news that one of its brightest young lawyers, Benjamin Pinpin, had committed suicide by hanging himself. The lawyer, who was in his early 40s, had worked at the documentation unit of the bank’s legal counsel. The lawyer was one of the 20 people [...]
