Working President

2001 Few days after assuming the Presidency, Gloria Macapagal-Arroyo approved the $470M hydroelectronic power contract to an Argentinean power firm, IMPSA. Former Congressman Mark Jimenez accused former Justice Secretary Hernando Perez as the main man of the alleged multi-billion scam, known ally of the Arroyo’s. The congressman detailed the bribes; $7 million to himself, $2 million to Perez, $1 million to National Power Corp. Officials and $4 million to the Office of the President. 2001 The FIVE (5) KILOMETERS Diosdado Macapagal Boulevard which is overpriced by P532 million from its original cost. 2003 Senator Edgardo Angara alleged that the Office of the President tried to extort $20 million from a German Company, Fraport which built the new airport terminal. 2003 Senator Panfilo Lacson claim that First Gentleman Mike Arroyo used pseudonym ‘Jose Pidal’ to laundered P321 million as campaign funds. 2003 An alleged $ 7.5M real estate transaction of undeclared assets from 1992 to 20...