Palace: Duterte admin to ‘prosecute’ abogados behind govt’s concession agreement with Maynilad
By Prince Golez
Malacanang on Tuesday warned the abogados behind the “onerous” provision in Ramos government’s concession agreement with Maynilad Water Services Inc. could be held accountable.
Presidential Spokesperson Salvador Panelo said there may have been “collusion” between the lawyers of the government and Maynilad.
“In contract, the government, the Republic of the Philippines, was prohibited into interfering, intruding into the terms of the contract. And that’s why we lost in the arbitration tribunal,” Panelo shared.
“Well, we can prosecute. Look, you know, that contract was entered into by the governmetn and drafted by lawyers of the government. That could be collusion between the lawyers of the government and the lawyers of the private company. We have to prosecute them,” he added.
In 2018, the Supreme Court of Singapore ruled in favor of the private water concessionaire and required the Philippines to pay P3.4 billion in revenue losses caused by delayed rate adjustments.
“President (Duterte) could not believe that how can a contract like this entered by the government, imposing a ban on the government to take government action, with respect to such item as water services,” Panelo said.