The Tagum Agricultural Development Company (Tadeco) maintained that the findings of the Department of Justice (DoJ) declaring the company’s joint venture agreement (JVA) with the Bureau of Corrections (BuCor) was “fraught with legal misinterpretations.”
In a statement, Tadeco president and CEO Alex Valoria said the findings were based on flawed interpretations of the Constitution and laws governing contracts and the disposition of public lands.
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