OFFICIALS of the Development Bank of the Philippines (DBP) were charged with plunder at the Office the Ombudsman in connection with the grant of P312.07 million in additional incentives to the bank’s top officials without the approval of President Benigno Aquino 3rd.
Charged were DBP President Gil Buenaventura, Chairman of the DBP Board of Directors Jose Nuñez Jr. and board members Reynaldo Geronimo, Daniel Laogan, Lydia Echauz, Alberto Lim, Raul Serrano, Vaughn Montes and Cecilio Lorenzo.
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