The Department of National Defense (DND) is looking at possible legal options to recover the almost P2 billion down payment it made to Russia, following the termination of the more than P12-billion helicopter purchase deal between the two countries. According to Defense Secretary Gilberto Teodoro Jr., the issue is still being taken up by the DND's legal office---more than a year after the transaction to procure MI-17 heavy-lift helicopters for the Philippine Air Force (PAF) was closed in November 2021, and the advance payment of P1.9 billion was made in January 2022. "We're studying our legal options. We have made the down payment and it is a legal issue. Our legal [office] is ...
Keep on reading: PH wants back P2 billion paid for Russian choppers
from INQUIRER.net https://ift.tt/VxaAtDh
Keep on reading: PH wants back P2 billion paid for Russian choppers
from INQUIRER.net https://ift.tt/VxaAtDh
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