Peña’s lawyer Roger Reyes confirmed the chief executive’s plan to file the intervention after the elections in a press conference held over the weekend.
Reyes said that in response to the demand letters from Philippine National Bank for their crop loans during that time, Peña will file claims on Benedicto’s estate before the Regional Trial Court Branch 51 in Metro Manila, where the case is pending.
“A group of sugar producers especially the Montilla family has decided to take actions against the estate of Roberto S. Benedicto,” he said.
Reyes also urged other sugarcane planters in the province who are in the same situation as his client to do the same.
"Unless the sugar producers will take action to defend themselves, the PNB, which is now controlled by Lucio Tan, will eventually start foreclosing the sugar lands and other collateral for the crop loans,” he warned.
From 1972 to 1984, Reyes said an estimated P14 billion has been taken by the defunct National Sugar Trading Corp. (NASUTRA) from sugar producers through its single selling marketing scheme based on a research conducted by University of the Philippines’ School of Economics.




