IN a bid to clarify the legality of the loans he borrowed from the Development Bank of the Philippines (DBP), Roberto Ongpin detailed how the P660-million loan granted to him were above board and clear of corruption.
Ongpin dismissed the behest nature of the loans— that were approved in one day— in a 15-page libel and graft complaint against three DBP executives, adding that the statements circulated by present DBP officials to the media were malicious.
Named respondents were DBP Chairman Jose Nunez Jr., DBP chief operating executive Francisco del Rosario Jr., and spokesman lawyer Zenaida Ongkiko-Acorda, whom Ongpin accused of maligning the grant of loan extended to him.
Ongpin filed a complaint before the Office of the Ombudsman on Thursday wherein he said that there is no truth in the allegations thrown against him or into the loans he transacted with the previous DBP officials.
“DBP earned interest income of more than P9.6 million and recorded trading gains of more that P1.3 billion because of the two loans,” he said.
He added that DVRI is not a “puny” company despite “losses” it recorded in 2008. Ongpin said that when the stock market crashed in 2008, the recorded losses of DVRI were “unrealized losses” since his outfit is a holding company.
