7 months House probe of Land Bank’s $85-M loan to Hanjin pushed MB
By Charissa Luci-Atienza Butil Partylist Rep. Cecilia Leonila V. Chavez sought a congressional probe on the $85-million loan granted by the Land Bank of the Philippines to Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil). Butil Partylist Rep. Cecilia Leonila V. Chavez (CONGRESS / MANILA BULLETIN) She noted that even Malacañang wanted to look into the LBP loan. The LBP, a domestic banking institution and government owned and controlled corporation whose mandate is to assist members of the local agriculture sector, had granted an $85-million loan to HHIC-Phil, she said. “The loan obtained by the HHIC-Phil from LBP has been publicly ... more