2 PH firms in ADB’s name-and-shame list

Rappler.com

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Image licensed under the Creative Commons Attribution-Share Alike. 3.0 © Eugene Alvin Villar, 2007The Manila-based Asian Development Bank (ADB) sanctioned 80 firms and individuals for engaging in fraudulent transactions and other corrupt practices in projects financed in 2012. The bank announced it severed ties with those in its latest negative list, which was churned out by integrity division after receiving 240 complaints that resulted in 114 investigations. Among those who are not allowed anymore to participate in any activity financed by lender were Alex Pamatong Trading, its owner Alex Pamatong, and Construction and Mandala Agricultural Development Corp.


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