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Whistleblower Reveals P50 Billion Premium in Lopez-Held Hydro Deal

Business
June 9, 2026 · 1:37 PM
Whistleblower Reveals P50 Billion Premium in Lopez-Held Hydro Deal

A majority of the Lopez family reportedly agreed to a P50 billion premium in the Prime hydro deal, according to Senator Bongbong Marcos. The revelation came during a Senate hearing on the controversial contract, where a whistleblower testified that the premium was hidden in the fine print. The deal, which involves the Lopez-owned energy company, has been under scrutiny for alleged irregularities. The senator called for a thorough investigation, stating that the public deserves transparency in government contracts.