P8 Billion Unpaid Load ni Lopez. Susunod na Target ng Duterte Admin

During the last few months, President Rodrigo Duterte has been running after the Oligarchs that are the reason for the country’s economic sabotage. His current target is the P8 billion debt of ABS-CBN Chairman Eugenio Gabriel “Gabby” L. Lopez III’s family.
Photo Credit: BusinessWorld|ABS-CBN Corporation Chairman Gabby Lopez III The president was able to unearth Lopez Family’s debts in the Development Bank of the Philippines. It is reported that this money was what the Lopez’ used to start their company. Economic sabotage The president is convinced that these Oligarchs who are paying their debts to the government are the ones at fault with the falling of the economy. No Bail The president, during his speech also reminded the so-called Oligarchs that the crime of economic sabotage has no bail if ever they are proven guilty. Earlier, the current administration already came after some Oligarchs who had long-time debts to the government. Some of these are Philippine Airlines Chairman Lucio Tan and Dunkin Donuts’ Franchisee, the Prieto family. Oligarchs Oligarchs are the rich families that have been in power for a long time that they already have an influence in the government. Most often than not, they get away from paying the taxes because of the “favors” they give to the government.
P8 Billion Unpaid Load ni Lopez. Susunod na Target ng Duterte Admin P8 Billion Unpaid Load ni Lopez. Susunod na Target ng Duterte Admin Reviewed by Anne Adams on March 14, 2018 Rating: 5

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