The Hoarding of ill-gotten Wealth (LETTERS FROM DAVAO by Jun Ledesma)
I had coffee yesterday with a big businessman from Davao. He doesn’t want his name printed, but he’s been around long enough to see 5 presidents come and go. “Jun,” he said, “the billions they stole from flood control and ghost projects? It’s not in banks. It’s in houses. Brand new houses.” He meant cash….
