Yuchengco nomination as ambassador
Posted by akosistella on March 29, 2010
By ELLEN TORDESILLAS
DOES the controversial appointment of businessman Alfonso Yuchengco as ambassador to Germany have to do with the expose of Sen. Alan Peter Cayetano in 2007, when he was still a member of the House of Representatives, about a secret bank account of the Arroyos in HypoVereins Bank ?
Or does it have to do with Fraport AG, a German company that partnered with Philippine International Air Terminals Co. Inc. (Piatco) in building the $350 million Terminal 3 of the Ninoy Aquino International Airport? It must be recalled that the Supreme Court under Gloria Arroyo nullified the Piatco-Fraport contract because of anomalies.
These are just some of the questions that came up as we tried to find rhyme and reason for Arroyo’s appointment of 87-year old Yuchengco to Germany with only three months left in her administration.
Click ELLEN TORDESILLAS.