House to probe ‘condoned’ loans of ABS-CBN Corp. from DBP

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The House of Representatives’ joint panel inquiry on the ABS-CBN franchise will include in its discussions the alleged condonation by the DBP of loans made by ABS-CBN Corp. | DYGalvezINQ

“I move that this committee include this matter as one of the issues to be tackled specifically whether or not ABS-CBN and the Lopez group of companies unjustly benefited from the loans condoned by the DBP to the prejudice of this government,” she said.

“We have to look into the legitimacy and the activities of its major stockholders and its affiliate companies because these entities are the ones in control of the company,” she said.

Source: Loan News Today (loannewstoday.net)

 

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