Fraport AG officials face charges as a result of the recent World
Bank (WB) arbitral court ruling dismissing its $425-million
investment claim against the Philippine government, according to
George Wengert, holder of considerable Fraport shares and a tax
consultant who runs an auditing firm in Germany.
The case concerns the
construction of the Ninoy Aquino International Airport Terminal 3 (NAIA
3), said Wengert.
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