Citing ‘racket’ claims, senator urges COA to check funds Lao spent as housing exec

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Philippine Star October 11, 2021 | 8:05pm MANILA, Philippines — Sen. Risa Hontiveros on Monday urged the Commission on Audit to scrutinize P1.8 billion in funds reportedly spent by Lloyd Christopher Lao from 2018 to 2019 when he was head of the now-defunct Housing and Land Use Regulatory Board. Hontiveros said these funds were sourced from the P5 billion collected from the private housing developers in compliance with the Urban Development and Housing Act which she also urged COA to track. Some of the developers have accused Lao of running an extortion racket, filing a case against him with the P…

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