DBP denies writing off Lopez Group's loans nearly 2 decades ago
DBP denies writing off Lopez Group's loans nearly 2 decades ago Jan 18, 2021 3:15 PM PHT State-run Development Bank of the Philippines (DBP) denied that it condoned or wrote off loans of the Lopez Group of Companies back in the early 2000s. DBP President Emmanuel Herbosa told this to lawmakers on Monday, January 18, as the House of Representatives continued its probe into the Lopez family's conglomerate after shutting down its TV business ABS-CBN. Drivers United for Mass Progress and Equal Rights-Philippines Taxi Drivers Association (Dumper PTDA) Representative Claudine Bautista was the one w...
Source: rappler.com