PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

 

THIS is how the ALI BABA thieves stayed entrenched.

April 20, 2006 - BPI Check for P1,000,000 issued to "Quial Ginez Paras & Beltran Law Offices" for "SEC MATTERS".

May 08, 2006 - SEC agrees to indefinitely DEFER PHC's (already scheduled) Annual Shareholders' Meeting.

April 20, 2006 Quial, Ginez, Paras and Beltran P2,500,000