Tag: Tadeco

Rep. Floirendo posts bail in graft case over BuCor-Tadeco deal

(Eagle News) — Davao del Norte Rep. Antonio Floirendo Jr. has posted bail. Floirendo posted the cash bond of P30,000  in a Davao court on Wednesday, on the same day the Sandiganbayan issued a warrant of arrest against him. The warrant stemmed from the graft case filed by the Ombudsman against the lawmaker over the joint venture agreement between the Bureau of Corrections and his family’s Tagum Development Corp. The complaint before the Ombudsman had been […]

JUST IN: Sandiganbayan orders arrest of Rep. Floirendo over Tadeco deal

(Eagle News) — The Sandiganbayan has issued a warrant of arrest against Davao del Norte Rep. Antonio Floirendo. The warrant stems from the graft case filed by the Ombudsman in connection with a questionable deal between the Bureau of Corrections and the  Tagum Agricultural Development Company (Tadeco). The complaint in the Ombudsman was filed in March 2017 by Speaker Pantaleon Alvarez, who argued Floirendo had “financial interests” in Tadeco even when he had already been elected a lawmaker. […]