Friday 20 July
Powered by Ajaxy
Mar 28, 2018 @ 19:32

Richest politiko Pepito Alvarez charged with graft


He allegedly made big bucks from leaks in this water contract.

Palawan Gov. Jose “Pepito” Alvarez and several water district officials in Cagayan de Oro City have been slapped with graft over questionable water supply contracts.

The main respondents to the case were officials of the Cagayan de Oro Water District (COWD) board chairman Raymundo Java, vice chairman Sandy Bass Sr., members Sarah Borja and Francisco Mendez, treasurer Bibiana Sarmiento, secretary Joel Baldelovar, former Local Water Utilities Administrator Lorenzo Jamora.

However, Alvarez of Rio Verde Water Consortium, Inc. (RVWCI) is being charged for allegedly colluding with the COWD executives for a water supply improvement project signed in December 2005 for P193.19 million.

“Records showed the respondents did not conduct any public bidding and instead awarded the project through a negotiated contract,” the report read.

Alvarez is the country’s richest politiko with billions of pesos in net worth, with assets focused in the car industry.

Tags: , , , , , , ,

Related Stories
The showdown between the United States and China would not interrupt the Philippine economy.
There's a load of bling buried in the Earth.
Luxury air travel faster than the speed of sound: A US start-up is aiming to
US businesses already are being hurt by the exchange of tariffs on key products, Federal


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.