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‘Nograles brod, pals got P114.6-M cut from swine scam’

Posted by Mai on July 31st, 2008

ABS-CBN News Online (Beta)
‘Nograles brod, pals got P114.6-M cut from swine scam’

By LYNDA JUMILLA
ABS-CBN News

A total of P114.6 million in loan proceeds allegedly went to various individuals and groups, including the brother of Speaker Prospero Nograles, in the form of miscellaneous fees in what is now known as the “swine scam.”

This was revealed at the hearing of the Senate Blue-Ribbon Committee on government lender Quedancor’s P1.6-billion swine loan program, which critics suspect was diverted to the administration’s 2004 campaign kitty.

Read rest of this story here:
ABS-CBN News Online (Beta)

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