Wednesday 15 August
Powered by Ajaxy
Aug 10, 2018 @ 17:45

Nayong Filipino board flew to South Korea on private jet to hatch corruption-laced $1.5B Landing Casino deal

 

A niece of President Rodrigo Duterte revealed that Landing Casino brought the entire Nayong Pilipino board led by chair Patricia Account on its private jet to South Korea to finalize the corruption-tainted $1.5 billion casino project which led to their firing by President Rodrigo Duterte.

Maria Fema Duterte, who is married to a Cebu-based nephew of Duterte, told ANC that the entire board flew on an all-expenses paid trip shouldered by Landing to South Korea on September 29, 2017

“(Landing) wanted to showcase a theme park in South Korea. During the trip, they discussed their plans at Entertainment City. When they arrived on October 7, the board issued a resolution awarding the project to Landing,” said Duterte.

She said that based on its board minutes, Nayong Pilipino board pulled out the project from the Public-Private Partnership list because the members knew they would not be able to railroad the project on their terms.

“There was no bidding, it did not go through the proper process, Tey didn’t publicize it, there was no (Swiss) challenge to attract more investors for comparison. The terms in the contract were really disadvantageous to the government,” she added.

Duterte filed a case with the Ombudsman in January this year claiming that the Landing Casino project would cost the government P570 million in potential losses or more than P25 B pesos in 50 years (extendable for another 75 years).

Based on the board resolution, she said the Nayong Pilipino board leased out the property for a paltry P150 per square meter or P14 million a month.She claimed that the government should be earning no less than P57 million a month or P689 million from the property. “It’s a prime lot close to the Okada Casino at Entertainment City. If we assess it, we can get as much as P1,000 per square meter in rent on the lot and the lowest is probably P400 to P800,” said Duterte.

Duterte said she was appointed to the Nayong Pilipino board on December 2017 (she had to sit through the one -year ban on government appointments after she ran and lost for Cebu board member in May 2916) but Ocampo refused to acknowledge the President’s letter endorsing her as the executive director.

“I don’t know them personally so I don’t know why they didn’t like me,” said Duterte. She kept her silence on the board but went through the COA documents to review the Landing transactions.

Duterte said that she was fine with being fired along with the rest of the Nayong Pilipino board during the groundbreaking of the project which was ordered for review by the Department of Justice and the Office of the Government Corporate Counsel.

Tags: , , , , , , , , , , , ,

Related Stories
South Korea Tuesday temporarily banned from the streets all recalled BMW cars that have not
A group of BMW owners in South Korea filed a criminal complaint against the German
Germany's luxury automaker BMW is going to recall 23,700 diesel cars in Europe over an
German automaker BMW apologised Monday for a spate of engine fires in South Korea that


 

Trending News

Recommended on sister sites

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