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THE Criminal Investigation and Detection Group arrested on Wednesday, September 18, 2024, former Procurement Service of the Department of Budget and Management executive director Lloyd Christopher Lao over charges of graft and corruption.Lao was arrested around 11 a.m. at the Ecoland in Davao City through an arrest warrant issued by the Sandiganbayan on September 12 for the alleged violation of Section 3 of the Republic Act 3019, or the Anti-graft and Corruption Practices Act.
Lao was implicated in the irregularities in the procurement of medical supplies at the height of the Covid-19 pandemic, particularly of over 51,000 RT-PCR test kits covered by three contracts through a start-up company, Pharmally Pharmaceuticals.Despite only having a P625,000 initial capital, Pharmally bagged at least a P8.
Corruption Lloyd Christopher Lao CIDG Procurement Service Of The Department Of Budget An
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