Try GOLD - Free
Ex-Tidcorp execs cleared of P1.8-B graft rap
The Philippine Star
|December 27, 2024
The Sandiganbayan has acquitted two former officials of the state firm Trade Investment Development Corp. (Tidcorp) of a graft case stemming from the grant of a P1.8-billion loan to an allegedly unqualified private company in 2003.
In a 106-page decision promulgated on Dec. 10, the court's Sixth Division acquitted former Tidcorp executive vice president Rolando Alonzo and former account officer Teresita Cometa of violation of Section 3(e) of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act.
Also acquitted of the same case were private respondents Renato Ang and Alison Sy, officers and stockholders of World Granary Inc. (WGI).
This story is from the December 27, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
PSE chief confident of market recovery from Mideast woes
Philippine Stock Exchange Inc. (PSE) president and chief executive officer Ramon Monzon is optimistic the country will eventually get over the hump caused by the ongoing Middle East conflict, enabling the local stock market to flourish once more.
2 mins
April 11, 2026
The Philippine Star
Filipino Food Month 2026
April is now known as Filipino Food Month (FFM) and though we should be celebrating it everyday, a special month centered on local cuisine helps wake people up from dismissing Filipino food as ordinary food, but looking at local ingredients in a different way.
4 mins
April 11, 2026
The Philippine Star
PVL semis gets going
Four teams, one trying to restore order, another eyeing to establish a new one and two seeking to force a sibling finale, face off in a pair of critical semifinal showdowns today in the PVL All-Filipino Conference at the MOA Arena.
1 min
April 11, 2026
The Philippine Star
ADB trims 2026 Phl growth outlook to 4.4%
The Asian Development Bank (ADB) has cut its gross domestic product (GDP) growth forecast for the Philippines for this year, amid uncertainties from the Middle East conflict.
2 mins
April 11, 2026
The Philippine Star
ADB trims From B1
the previous month’s 2.4 percent, bringing the average for the first quarter to 2.8 percent.
1 min
April 11, 2026
The Philippine Star
SC junks Sarah Discaya petition challenging graft, malversation raps
The Office of the Ombudsman has probable cause to charge detained private contractor Sarah Discaya for graft and malversation over a “ghost” flood control project in Davao Occidental, the Supreme Court (SC) said.
1 min
April 11, 2026
The Philippine Star
Unlisted jeepney drivers, TODA members to get aid
The Department of Social Welfare and Development will start the special payout for members of tricycle operators and drivers' association or TODA and public utility jeepney drivers who were not included in the initial list of cash aid recipients in the National Capital Region, a DSWD official said yesterday.
2 mins
April 11, 2026
The Philippine Star
PSEI extends gains on Wall Street cues
The benchmark Philippine Stock Exchange index (PSEi) advanced for a third straight session, taking cues from Wall Street's recent gains.
1 min
April 11, 2026
The Philippine Star
Meralco rates up, but not due to oil crisis
Meralco customers should brace for higher power rates this month, though the adjustment does not yet reflect the impact of fuel price spikes spurred by the Middle East war.
1 min
April 11, 2026
The Philippine Star
A TOAST BEFORE THE BILL CHANGES
Tatler Best 2026 honors the restaurants, bars and hotels that define the current mood through character and a shared instinct for movement.
4 mins
April 11, 2026
Listen
Translate
Change font size