ABS-CBN
PAGCOR chief Tengco denies conflict of interest in family firm’s government contracts
Philippine Amusement and Gaming Corporation (Pagcor) Chairman and CEO Alejandro "Al" Tengco has been linked to Nationstar Development Corporation, a construction firm owned by his children, which has secured P7.1 billion in government contracts since 2022.
Tengco, who founded Nationstar in 2015, denies any conflict of interest, stating he divested all his interests in the company when he assumed his Pagcor post in August 2022.
He clarified that his role at Pagcor does not involve public works bidding, and his family's firm did not benefit from his government position.
Tengco cited the Anti-Graft and Corrupt Practices Act (RA 3019) and the Code of Conduct of Government Employees (RA 6713), asserting that conflict of interest only occurs when a public official intervenes in a contract or transaction where they have a direct or indirect financial interest.
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