Mike Arroyo behind DBP behest loans—Sen. Osmeña

Senator Sergio Osmeña III. INQUIRER FILE PHOTO

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.

Posted: June 14th, 2012 in Latest Business Stories | Read More »

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