He used PNB to grant loans for his shipping company , Northern Lines , and his sugar business .
In his role as PNB Chairman , Benedicto permitted huge loans for business of other cronies and associates .
Benedicto used PNB to grant loans for Benedicto 's shipping company , Northern Lines , and his sugar business .
In his role as PNB Chairman , Benedicto permitted huge loans for business of other cronies and associates .