Brod is thicker than politics: Panelo, Carpio show all’s well despite legal differences
Supreme Court Associate Justice Antonio Carpio and Presidential Spokesperson Salvador Panelo may have differences in legal opinion over the country’s loans from China, but they share a close bond because they belong to the same fraternity.
Panelo on Thursday (March 28) shared a selfie he took with Carpio at the Marriott Hotel in Iloilo, where they are both billeted for the Integrated Bar of the Philippines (IBP) Convention.
The two abogados were smiling from ear to ear in the picture.
Panelo told Malacañang reporters that he and Carpio exchange pleasantries since they both belong to the Sigma Rho fraternity based at the University of the Philippines College of Law.
“He (Carpio) is [a] junior brod. I was one of the senior brods who initiated him, but not physical,” the Palace official said.
Panelo and Carpio have been swapping comments on the controversial $62-million loan taken out by the Philippines from China for the Chico River pump irrigation project.
Carpio warned that China could seize the gas-rich Reed Bank if the Philippines fails to pay its debt, based on a provision in the loan agreement.
Panelo, however, said Carpio’s concern was “misplaced” as the government will not default on its loan.
Administration officials have assured that the Philippines can pay back the loan to China since payments are automatically allocated each year.