Richest politiko Pepito Alvarez charged with graft
He allegedly made big bucks from leaks in this water contract.
Palawan Gov. Jose ?Pepito? Alvarez and several water district officials in Cagayan de Oro City have been slapped with graft over questionable water supply contracts.
The main respondents to the case were officials of the Cagayan de Oro Water District (COWD) board chairman Raymundo Java, vice chairman Sandy Bass Sr., members Sarah Borja and Francisco Mendez, treasurer Bibiana Sarmiento, secretary Joel Baldelovar, former Local Water Utilities Administrator Lorenzo Jamora.
However, Alvarez of Rio Verde Water Consortium, Inc. (RVWCI) is being charged for allegedly colluding with the COWD executives for a water supply improvement project signed in December 2005 for P193.19 million.
?Records showed the respondents did not conduct any public bidding and instead awarded the project through a negotiated contract,? the report read.
Alvarez is the country?s richest politiko with billions of pesos in net worth, with assets focused in the car industry.