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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.

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βˆ™ 15y ago

http://www.businessweek.com/globalbiz/content/feb2008/gb20080220_073482.htm?chan=top+news_top+news+index_global+business

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Q: What is a summary of ZTE scandal?
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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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