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Tuesday, August 26, 2014

Ex-Makati exec links VP Binay to overprice

MANILA, Philippines - Former Makati vice mayor Ernesto Mercado yesterday accused Vice President Jejomar Binay of benefiting from the allegedly overpriced parking building at the Makati City hall.

In his testimony before the Senate Blue Ribbon committee, Mercado said the project started in 2007, with a total cost of only P1.2 billion.

He admitted that he had received kickbacks from the project, specifically in the first two phases, which were implemented when he was vice mayor.

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