Graft raps dismissal a vindication, says Ongpin | Inquirer Business

Graft raps dismissal a vindication, says Ongpin

/ 07:27 AM May 29, 2014

Businessman Roberto Ongpin INQUIRER FILE PHOTO

MANILA, Philippines—Businessman Roberto V. Ongpin said the dismissal of the graft charges filed by the Ombudsman against him was a “clear vindication” to himself as he referred to his efforts to bring in investments to the country “despite the continuing persecution by the current administration.”

“Obviously, I am happy with this development. This strengthens my belief in the integrity of the judicial process in this country,” he said.

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The antigraft court Sandiganbayan dismissed the graft charges filed against Ongpin, banker Reynaldo David and other former officials of the Development Bank of the Philippines (DBP).

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The charges were in relation to allegations of behest loans granted by the DBP under David’s leadership to Ongpin in 2009.—Doris C. Dumlao

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Sandiganbayan dismisses graft complaint vs Roberto Ongpin

WHAT WENT BEFORE: DBP’s P660M grant in alleged behest loans

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TAGS: court, dismissal, graft raps, Roberto V. Ongpin, Sandiganbayan

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