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In 2007, Philippine President Gloria Macapagal Arroyo was involved in a fraudulent deal for a national broadband network with a Chinese government corporation known as ZTE. The deal, according to Arroyo, was to cost approximately 329 million dollars, which was 197 million dollars more than the actual cost of building the network. Arroyo's husband and an electoral chair member planned to take the extra money for themselves as a commission.
Wiki User
∙ 9y ago
Wiki User
∙ 15y agohttp://www.businessweek.com/globalbiz/content/feb2008/gb20080220_073482.htm?chan=top+news_top+news+index_global+business
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Most people who know about the ZTE - NBN scandal are calling for stricter measures to avoid a repeat. A few other factions have come up to question the validity of the information given regarding the scandal.
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ZTE's population is 31.
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