Philippines: Billionaire Villar family hit with criminal, administrative complaints over PrimeWater deals
Manila: Members of the billionaire Villar family have been slapped with two counts of criminal and administrative complaints over allegedly "disadvantageous" joint venture deals involving a major water utility and infrastructure corporation they once owned. The Philippine Office of the Ombudsman has filed criminal and administrative complaints against members of the powerful Villar family on…
Manila: The influential Villar family, including politicians Manuel "Manny" Villar Jr. and his wife Cynthia, as well as their children Senators Mark and Camille, have been accused of engaging in disadvantageous joint ventures with a significant water utility company called PrimeWater Infrastructure Corp. The Philippine Office of the Ombudsman has filed criminal and administrative charges against the family members.
The complaints allege that the family members failed to meet their contractual obligations and provided poor service quality. The investigation is ongoing, and the family has not yet received the complaints or had a chance to respond.
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