House lawmakers struggle to find fault in Lopez loan with DBP Ramon Royandoyan © STAR/File House lawmakers struggle to find fault in Lopez loan with DBP
MANILA, Philippines House lawmakers struggled their way back to finding fault after hitting a stonewall in the second hearing meant to probe loans of the Lopez family sold by state-run Development Bank of the Philippines (DBP) at a discount.
The hearing picks up from last month’s proceedings with House blue ribbon chair Michael Edgar Aglipay of Diwa party-list apologizing to President Rodrigo Duterte for suspending the hearings for 1 month because documents related to the Lopez loans are not available, all because the subject loans were already sold to another bank way back in 2006.
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