In its investigation, the World Bank found that the companies, one of them a firm owned by the Chinese government and is in the Fortune 500 list, engaged in corruption while involved in the construction of a road network in the Philippines.

STATEMENT OF JOEY DE VENECIA III DISMISSAL OF IMPEACHMENT CASE DUE TO INSUFFICIENCY OF SUBSTANCE
November 26, 2008
This is a sad day not only for us the complainants and the minority lawmakers, but more so for the Filipino people. Our right to take President Gloria Macapagal-Arroyo to task …

Senate Minority Leader Aquilino Q. Pimentel, Jr. (PDP-Laban) today expressed dismay over the reported decision of the Office of the Ombudsman dismissing the graft charges filed against former Agriculture Undersecretary Jocelyn Bolante and 10 other personalities by the late community journalist Marlene Esperat in connection with the multimillion peso fertilizer fund scam.

By Yvonne T. Chua and Luz Rimban | VERA FILES
(Conclusion)
When Quedancor negotiated with the banks, it was already in the red because of its various failed lending programs.
Second Part: Politicians Dip Hand Into Quedancor Funds
First Part: Quedancor Swine Program Another Fertilizer Scam

By Yvonne T. Chua and Luz Rimban | VERA FILES
(Second of three parts)
The Quedan and Rural Credit Guarantee Corp. (Quedancor) does not only give out loans to the poor. It also “lends” money to “needy” politicians, congressmen included. Insiders say Quedancor is the one government corporation politicians know they can run to when they want cash — for political reasons or otherwise. The “loans” are known within Quedancor as “political accounts.”
First Part: Quedancor Swine Program Another Fertilizer Scam

By Diosa Labiste, Luz Rimban and Yvonne Chua | VERA FILES
(First of three parts)
Documents and interviews show that officials involved in questionable Quedancor transactions were the same ones implicated in the P728-million fertilizer scam: then Agriculture Secretary Luis Lorenzo, who chaired Quedancor, and then Agriculture Undersecretary for finance and administration Jocelyn “Joc-Joc” Bolante who was at the time also a director of the Land Bank of the Philippines from which Quedancor obtained billions of pesos in loans.

ZTE-NBN scandal whistleblower Rodolfo “Jun” Lozada says he has paid the price for telling the Filipino people what they already know “and yet do not want to be told.”

Various anti-Arroyo groups will come together in protest once again, but this time, the focus will be the economy.
Groups aligned with the United Opposition (UNO), the Bagong Alyansang Makabayan (BAYAN), Edsa 3 Coalition, Laban ng Masa, the Be not Afraid Movement and other Opposition forces will converge at Plaza Miranda in Manila at 4:00 pm for the latest anti-Arroyo protest …

The Philippine Army has begun the pre-trial investigation on Major General Jose T. Barbieto on allegations of personnel and resource mismanagement. Following an order from the Ombudsman to suspend the general, he was previously relieved as the commander of the Army’s 4th Infantry Division effective March 6, 2008 to give way to a just and impartial investigation.
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