How DBP botched Duterte-era contractor loans: lax checks, billions overdue
Meant to support the former president’s Build, Build, Build drive, DBP’s ICONS program instead left the bank with P4.09 billion in overdue contractor loans
Meant to support the former president’s Build, Build, Build drive, DBP’s ICONS program instead left the bank with P4.09 billion in overdue contractor loans
State auditors earlier flagged the use of funds for the repair and reconstruction of a consolidation dam in Ligao City, Albay, where a concrete revetment was built instead
The Commission on Audit’s report covered the institution’s audited financial statements, among others
‘But ‘yan lang po talaga, na wala namang masamang nangyari doon. And, nabanggit ko na rin kahapon, that it was actually COA-ICFAO that asked for that meeting,’ defense spokesperson Michael Poa says