Saturday, September 2, 2017

Firm that owns ABSCBN threatened by Duterte over DBP debt

President Rodrigo Duterte had long emphasized that he would go after the “elites” in fighting against corruption. One of these is the Benpres, currently Lopez Holdings Corp., which owns ABS-CBN.

Duterte accused the company of amassing debts to the Development Bank of the Philippines (DBP) and he intends to pursue them for using the taxpayers’ money to fund their business.

"I will go after itong mga elite. And I will not name the person, but ‘yung mga company nila noon — Benpres and about six other companies — may utang sila sa DBP. At ang utang nila, umabot ng... to finance this… pera ng tao, gagamitin nila to finance their business pero kanila ‘yung kita," the President said during his speech at the 23rd anniversary of the Technical Education and Skills Development Authority (TESDA).

Duterte had previously threatened ABS-CBN for not airing his election campaign during the 2016 elections despite having paid for airtime. He said that he would block the franchise of the media giant.

The Rufino-Prieto family that owns Philippine Daily Inquirer had also received the brunt of the President’s ire. He accused the big-time clan of having illegal owned a Mile Long property in Makati and refused to pay taxes.

"Malakas ‘yan silang mag-atake, they have the media outlets and all. But sila talaga ‘yung nakikinabang sa corruption ng gobyerno," Duterte said.

The President believes that the government should go after the elites in addressing the corruption problem in the Philippines.

"And yet, they were not able to pay and it was condoned by government. Kaya noong binabasa ko ‘yung... sabi ko, 'I will go after the elite in this country because they are the ones really who’s benefiting from all of these things,'" he said.


Source: GMA News Online
Comment your thoughts, hit Like and Share the article. Thank you!


Post a Comment