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)