SC orders estate of Disini to pay gov’t P1.01-B in damages for mothballed BNPP

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

The Supreme Court on Tuesday, June 15, awarded in favor of the government P1.01 billion in damages against the estate of the late businessman Herminio T.

Disini, founder of the Herdis Group of Companies, in connection with the $2.3 billion mothballed Bataan Nuclear Power Plant in Morong, Bataan.

In 1995, the administration of then President Fidel V. Ramos signed a $100 million settlement agreement with Westinghouse. “In 2012, the Anti-Graft Court found Disini liable for receiving commissions of about US$50 Million from Westinghouse, but absolved former Pres. Marcos and Mrs. Marcos for lack of evidence.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SC awards over P1B in damages to PH vs late Marcos crony over nuke plant projectMANILA — The Supreme Court on Tuesday said it has awarded over P1 billion in damages in favor of the Republic of the Philippines against the late Herminio Disini for his role in brokering the $2-billion Bataan Nuclear Power Plant (BNPP) project for the late dictator Ferdinand Marcos.
Source: ANCALERTS - 🏆 26. / 50 Read more »

SC awards over P1B in damages to PH vs late Marcos crony over nuke plant projectMANILA — The Supreme Court on Tuesday said it has awarded over P1 billion in damages in favor of the Republic of the Philippines against the late Herminio Disini for his role in brokering the $2-billion Bataan Nuclear Power Plant (BNPP) project for the late dictator Ferdinand Marcos.
Source: ANCALERTS - 🏆 26. / 50 Read more »

Maynilad allots P1.8 billion for replacement of old, leaky pipesMaynilad will invest P1.8 billion for pipe replacement projects in the West Zone concession area, the company said over the weekend.
Source: ANCALERTS - 🏆 26. / 50 Read more »

P1.6-M shabu seized in Marikina; couple nabbedThe real news Isang taon na lng termino ni Dutae may shabu pa rin! Saan na yung 6 na buwan pangako nya nung kampanya? Na budol lng pala tayo!
Source: manilabulletin - 🏆 25. / 51 Read more »

Año to Cebu governor on OFW quarantine: Nat’l gov’t policies trump local lawsThe policies of the national government prevail over local government ordinances, Interior Secretary Eduardo Año insisted during a Senate committee hearing on COVID-19 response. When it comes to power, may be..but planning effectively, seems it's the other way around😛.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

‘Money’s not the problem:’ Senators call on gov’t to improve vaccine rolloutSeveral senators on Tuesday called on the government to focus on improving its COVID-19 vaccine rollout, saying it had more than enough funds this year to achieve herd immunity. | CMRamosINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »