Arnold Garbanzos
ILIGAN City–As the executive director of the Iligan Investments Incentives and Promotions Center (IIIPC) of our city and as a member of the Asset Preservation Team of NSC-Global, I find it very strange that of the three major parties involved in the plant (the city, the Indians and the liquidator) not one of the two other parties had filed a case against the Indians of Global Steel Philippines Inc. (GSPI).
The city has filed a case against the liquidator in our courts (and vice versa), while the Indians have filed a case against the liquidator in Singapore but neither the liquidator nor the city has filed a case against the Indians. Check the records and you will see that this is true.
The levy of the city of Iligan is against the liquidator and not against the Indians. To date the city has not charged the Indians for anything.
Stranger still is that the other two parties are not doing anything to protect the plant in order to protect their interest-which has resulted to the dilapidated state of the plant.
And this has been going on since 2010.
Then we all blame the Indians for the mess to the plant… isn’t that strange?
Believe it or not…
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