Whistleblower Rodolfo “Jun” Lozada urged Filipinos tonight to demand from the Arroyo government an accounting of the $1.4 billion loans it obtained from China last year.
Speaking at around 6:30 p.m, Lozada said the $329 million NBN deal financed from a loan from the Chinese government was just the tip of the iceberg. The government, he said, borrowed from China last year a total of $1.8 billion.
Lozada had earlier told a Senate inquiry the contract was overpriced, with former Comelec Chairman Benjamin Abalos supposedly seeking a $130 million cut with the Palace’s knowledge.