The Tagum Agricultural Development Co. Inc. (Tadeco) on Monday denied allegations made by House Speaker Pantaleon Alvarez about an anomalous deal between the Mindanao-based banana producer and the Bureau of Corrections.
Alvarez, who is seeking an inquiry into the matter, earlier filed House Resolution No.867, which questions the joint venture agreement finalized on July 11, 1969, allowing Tadeco to lease a BuCor-owned land located in the Davao Penal Colony.
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