(Read it all here, here, here, and here. UNBELIEVABLE, no???)
But there is justice in this world and we are now finally seeing the truth coming out on the PIATCO scandal involving Mr. Villaraza and his Malacanang friends.
Fraport slams GMA-Pancho extort try before WB body
GLORIA GOV’T WANTED CHENGS OUT, PRESIDENTIAL CRONIES IN ON PROJECT
The complaint lodged by Fraport AG Frankfurt Airport Services Worldwide (Fraport) before the Word Bank arbitration body in Washington DC served to confirm the "tens of millions" extortion attempt made on the German investor by presidential aides, Gloria Tan-Climaco, presidential adviser on Strategic Projects; Presidential legal counsel Avelino "Nonong" Cruz; and his former partner and President Arroyo's personal lawyer, F. Arthur Pancho Villaraza.
Pressure was being brought to bear on Fraport by the presidential aides to kick out its Philippine partner in the Philipppine International Air Terminal Co. Inc. (Piatco) Terminal 3 project, the Cheng family, to ensure the takeover of the Cheng's shares by the presidential cronies of the project.
The German investor in the controversial multibillion-Piatco Ninoy Aquino International Airport Terminal 3 confirmed the alleged extortion try by personal lawyer and aides of President Arroyo, whom it also charged of committing "unlawful acts."
The earlier reports on the Villaraza-Climaco-Cruz $70-million extortion try is the subject of numerous libel charges leveled against Tribune publisher and editor-in-chief Ninez Cacho-Olivares who wrote a series of articles on allegations involving at least three Palace personalities namely former Presidential Adviser on Strategic projects Gloria Tan-Climaco, presidential legal counsel Avelino "Nonong" Cruz and Mrs. Arroyo's personal lawyer F. Arthur "Pancho" Villaraza.
The reports were based on a taped conversation of Fraport officials and lawyers where millions of dollars were mentioned as the deal being brokered by Villaraza and others to Fraport, to ensure that the airport project, under certain conditions, one of which was the ouster of the majority shareholder and Filipino partners, the Cheng family, would not be messed around with by the Arroyo presidency.
The complaint from the German investors confirms the extortion attempt made by Vilaraza and the presidential aides.
Congratulations, Ninez Cacho Olivares for your courageous work in exposing these crooks. Nagpa-aresto ka pa para lang ilabas ang katotohanan. Now, it's time for Villaraza and his ilk to go to jail. LET THEM FRY!!!
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