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Banco de Oro has denied authorizing a law firm to send a copy of its letter complaint against the Manila Electric Company to a House committee reviewing the franchise extension of the power company.
The committee has been deliberating on proposals calling for a 25-year extension of the power distribution giant’s legislative franchise which will expire in 2028. In the May 20 letter sent by the Manjares law firm, it reportedly asked Tambunting to “consider the complaint of BDO Unibank… against Meralco in deciding the legislative franchise of Meralco”.In response, the bank, through Go, said in a letter dated May 23, 2024 that it is “still investigating” the release of the unauthorized documents pertaining to the complaint.
Indonesia Berita Terbaru, Indonesia Berita utama
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