Exclusive: Whistleblower Karen Hudes From World Bank Exposed Lucio Tan’s Corruption

Lucio Tan is one of the country’s Richest man having a net worth of $4.3 Billion last year. He has interests in banking, beverages, spirits, property development and tobacco. The year 2014, He retained 100% control of Philippine Airlines (PAL), the country’s oldest airline.

Lucio tan is one of the longest running richest men in the Philippines not until his great rival retail tycoon Henry Sy overtook him in the throne.

Most of us knew Lucio Tan got involved in various controversies as in the case of having a lot of children in different wives, tax evasion, and having close friends in politics like former Philippine Presidents Marcos and Estrada.

But here’s one big controversy that made a great mark in the life of Lucio Tan. When Whistleblower Karen Hudes from World Bank exposes Lucio Tan’s corruption.

Watch the video below:

The description of the video says:

An eye opener for all Filipino’s.

the political system in our country even at his time.. It’s like cancer—no cure!
You may not agree but its so depressing & so hopeless to just think maybe corruptions is rooted in Filipino’s blood.. Or maybe the political system itself has countless loops & holes for those selfish, greedy & wicked politicians…

Ok naman ang pilipinas noon nakurakot lang ang pera kaya maslalong naghirap…
In my own opinion para masmarami pa silang Makurakot gumawa pa sila ng paraan that’s what we called Republic Act. 9337 or TAX (EVAT) LAW.

The Expanded value-added tax (E-VAT) law was instituted as a measure to bridle the rising foreign debt of the Philippines and to improve government services such as education, health care, social security, and transportation.

This law was made on account that the more taxed a government can collect, the more services and programs of the government can be implemented as infrastructure projects. The EVAT law granted President Arroyo the stand-by authority to raise the tax from the current 10 percent to 12 percent under certain conditions. This would help in increasing government funds and helps alleviate government deficit so that a inflation rate and unemployment can be overcome. The president stated that the P120 billion expected to be generated a year by the measure represents an unprecedented revenue increase in the country’s fiscal history.

President Gloria Macapagal Arroyo stressed that this law may entail sacrifices in the short term due to the tax increase imposed on sectors of society but its long-term benefits for the country and the Filipino people will be immeasurable and far-reaching in the form of more jobs and livelihood opportunities, better social services, more infrastructures, less debt, and more and better financing for rural programs. This is part of the steps undertaken by the Arroyo government to pave the way to for the plan to build a strong Republic “that will make the Philippines a first world country in 20 years with a permanent environment conducive to sustain wealth creation.”

Mayaman na daw ang pinas ngaun eh..
nagpautang na nga ng 1 billion US Dollar sa ibang bansa.. pero kmuzta naman ang sariling bansa?

Sa tingin nyo may patutunguhan kaya?
Saan napunta ang EVAT?
Guys kung gusto nyo pagbabago wag na kayo umasa sa gobyerno..

You cannot change this whole mess. the country itself. Corruption starts at home we must admit that!! Taking a single penny out from our parents pocket is a small example of corruption that may lead up into something big when you are somebody in your community. Start the new thing called pagbabago qoute and qoute within yourselves.. nobody can change Philippine nation but the people itself.

the law makers are well protected by the laws they created.
kaya siguradong wala din mangyayari dyan.

So what can you say about this one? Let us know your thoughts in the comment section below and don’t forget to share this blog post with your family and friends using Facebook and Twitter. Also, don’t forget to visit our website and Facebook page more often for more updates.