Day: September 2, 2008

Note: The VERA Files website was hacked last night. We are still fixing the terrible damage done. Meanwhile, this site will carry the full articles on Quedancor. It’s also in Malaya, Manila Times and GMA-Online.

by Yvonne T. Chua and Luz Rimban
VERA Files

(Second of three parts)

The Quedan and Rural Credit Guarantee Corp. (Quedancor) does not only give out loans to the poor. It also “lends” money to “needy” politicians, congressmen included.

Insiders say Quedancor is the one government corporation politicians know they can run to when they want cash—for political reasons or otherwise. The “loans” are known within Quedancor as “political accounts.”
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Wait, there’s more!: Buy her a gift this Valentines! or send her flowers!

Ang panibagong report ng Vera Files ay tungkol sa Quedan and Rural Credit Guarantee Corp. (Quedancor) na sinasabing bangko ng mahihirap.

Kaya talagang nakaka-ngitngit madiskubre na ginagatasan pala ito ng mga tauhan ni Gloria Arroyo. Talagang walang patawad. Isusubo na lang ng mahihirap, aagawin pa.

Ang isang kaso na ginawang showcase ng Verafiles ay yung kay Aura Drew Escanlar ng Iloilo City na ginamit ang kanyang pera para sa kanyang review sa nursing board examinations noong December of 2004 sa pagpatayo ng piggery o babuyan.
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