PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

SIKINI C. LABASTILLA

“Sikini C. Labastilla, associate of Lokin, filed a complaint with the Sandiganbayan, omitting material facts and containing misrepresentations for which he was censured. He appeared as counsel for Andal and Locsin in some cases and claimed to be counsel for POTC and Philcomsat even though both the PCGG and the SolGen denied that he was. He was claimed by Atty. Lokin to be the recipient of P2 million payoff to the Sandiganbayan. He received a total of P13.7 million from the funds of Philcomsat Holdings Corporation.”