Duterte threatens to dig into Lopez firms’ alleged unpaid debts

  MANILA, Philippines---President Rodrigo Duterte on Tuesday threatened to "dig" into the Lopez family's alleged "unpaid debts" with the state-owned Development Bank of the Philippines (DBP). "The Lopez Group of Companies never paid a single centavo. It was condoned by the government. Who condoned it? Who authorized it? I really do not know," Duterte said before newly-appointed officials in Malacaang. "But maybe one of these days, I'll start to dig," he added. But in 2006, the DBP wrote off P710 million in loans of Maynilad Water Services Inc.; P591 million in loans of Bayan Telecommunications; P207 million of Central CATV Inc. and P157 million of Benpres Holdings In...Keep on reading: Duterte threatens to dig into Lopez firms’ alleged unpaid debts

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