Sunday, November 22, 2009


One of the principal brokers of the controversial PEA-Amari land reclamation transaction along Roxas Boulevard must be enjoying all his wealth overseas. Now hiding in the US, I would think that he still monitors developments in the country for future possible probes of the billion-peso scam said to involve very prominent government officials and businessmen. As the saying goes, "behind every great wealth is a great crime." And here, nobody really goes to jail for that. Many are in fact lawbreakers in disguise as lawmakers.

This broker is said to have withdrawn in the past something close to PhP400 million he had earned - for closing a deal that probably cost the government up to PhP200 billion in losses - from a well-known bank with a branch located at an Ermita hotel. In other words, he's a take-the-money-and-run type of fellow.

This same wheeler-dealer was also involved in a controversial transaction for a luxury plane which had government probers looking into activities of certain PCGG officials who were then administering properties sequestered from Ambassador Eduardo 'Danding' Cojuangco.

Curiously enough, the transactions were reportedly consumated withthe participation of Hillary Rodham Clinton when she was still a practicing lawyer in Arkansas.

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