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 Floiendo’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)
Disclaimer
Mindanao Gold Star Daily holds the copyrights of all articles and photos in perpetuity. Any unauthorized reproduction in any platform, electronic and hardcopy, shall be liable for copyright infringement under the Intellectual Property Rights Law of the Philippines.
