Ongpin on the offensive, to take BSP exec to court
By Doris C. DumlaoFormer Trade Minister Roberto V. Ongpin will take Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr. to court allegedly for violating the Anti-Graft Law.
Former Trade Minister Roberto V. Ongpin will take Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr. to court allegedly for violating the Anti-Graft Law.

From behest loans to insider trading to short-swing profits. That is how far the Senate has expanded its investigation into businessman Roberto Ongpin who reportedly obtained a P660-million loan from the Development Bank of the Philippines (DBP) and used the money to buy the state bank’s Philex Mining Corp. (Philex) shares.