by Ramon Tulfo
A total of P2.5 billion in behest agricultural loans to friends and associates of the former first couple, Mike and Gloria Arroyo has been made public.
Sen. Frank Drilon, who made the exposé, says it’s impossible to recover the loans since most of the borrowers are not identified, do not want to pay or have been reported as dead.
The Arroyos were allegedly into all kinds of money-making ventures: From telecommunications (NBN-ZTE); railroad (North and South rails); selling second-hand choppers and passing them off as new; intelligence funds of the Philippine Amusement and Gaming Corp. and Philippine Charity Sweepstakes Office; fertilizer and all kinds of products that government distributed supposedly to help the citizenry; real estate (Alpha Land, a real estate development company, is reportedly Mike’s but under a dummy’s name); taking over closed banks; smuggling.
They didn’t even spare “jueteng,†a poor man’s numbers game, which is illegal.
Gloria Macapagal “Makapal†Arroyo is apparently more corrupt than Ferdinand Marcos since the latter didn’t touch jueteng.
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