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Floirendo welcomes graft raps

DAVAO City — Davao del Norte Rep. Antonio Floirendo welcomed the graft case filed by Speaker Pantaleon Alvarez at the Office of the Ombudsman over a deal between the Bureau of Corrections and Floirendo-owned Tagum Development Corporation (Tadeco).

“I welcome this development,” Floirendo told reporters here. He said that only the courts can resolve his case “definitely and with finality.”

“I am positive I shall be declared innocent in the end,” Floirendo said.

On Sept. 18, Ombudsman Conchita Carpio-Morales approved the 11-page resolution recommending that Floirendo will be criminally charged before the Sandiganbayan after it found sufficient evidence that he violated the provisions of the Anti-Graft and Corrupt Practices Act.

Based on the resolution, Floirendo violated Section 3(h) of the Anti-Graft and Corrupt Practices Act.

Morales indicted Floirendo because he committed a grave offense when he actually owned a share of P7.5 million in Tadeco during the time when it renewed the joint venture agreement with the BuCor.

A 5,308.36-hectare of land at the Davao Penal Colony was leased to Tadeco which was converted into a banana plantation. Apart from Floi-rendo’s shares in Tadeco, he also owned 537,950 shares in the listed parent company of Tadeco—the Anflo Management and Investment Corporation. (davaotoday.com)


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TREND MAKER. Mindanao Gold Star Daily was established in 1989 to set ablaze a new meaning & flame to the local newspaper business. Throughout the years it continued its focus and interest in the rural areas & pioneered the growth of countryside journalism.

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