Excerpts from PRIVILEGE SPEECH of Senator Enrile

ENRIQUE L. LOCSIN

“Now, the next gentleman who was involved in this dissipation is Mr. Enrique L. Locsin. In the books of this corporation, Mr. Locsin is abbreviatedly referred to as “ELL” -- “E. L. L.” Enrique L. Locsin is the son of a very respectable and upright man, Teodoro Locsin, Sr., who was the former publisher of the Philippine Free Press. He was appointed to his position in Philcomsat by the incumbent President and then later on he was made by the PCGG as a nominee in Philcomsat Holdings from 2004 to 2006. Like Bomboy Araneta, ELL or Enrique L. Locsin, worked his way to that corporation until finally he became, I think, the president and vice chair.

He was replaced by President Arroyo recently, but he refused to be replaced. He decided to remain in Philcomsat Holdings and I can understand the reason, Mr. President, because his position is so lucrative that I suppose Mr. Locsin can never find such a position somewhere else in this nation for him to earn that much money that he was earning, or he is earning in Philcomsat Holdings. He remains a director of Philcomsat Holdings, although he has already been fired by the appointing power. He claims to be still an authorized bank signatory and he continues to receive funds from Philcomsat Holdings, by way of compensation, allowances, reimbursements and cash advances, Enrique Henry Locsin received P26.1 million from 2004 to 2007 from this ailing plundered, looted corporation known as the Philcomsat Holdings Corporation.

In addition, he is getting US$10,000 travel allowance from the company and a housing allowance of P4.5 million. He has unliquidated cash advances of P300,000.00.

Among the benefits that Mr. Enrique Locsin got from the corporation was a P180,000 hearing aid. In spite of the fact that he was getting fat salaries and allowances from this corporation, he charged Philcomsat Holdings the cost of a hearing aid that cost Philcomsat Holdings P180,000.00.

And on top of this, Mr. President, this gentleman bought a laptop costing P275,000.00 paid for by the corporation, and after three weeks, he claimed to have lost this laptop and asked the corporation to buy him another one which cost the corporation P320,000.00, the cost of the new laptop, plus a Pierre Cardin leather case for the laptop and a wallet. That is how this distinguished men treated Philcomsat Holdings, parang alkansiya po nila itong korporasyon na ito.

In addition, Mr. Locsin is not satisfied to get these perquisites from the corporation, he also asked money for the charities of his wife. The “Far East Court no. 1 Order of the Amaranth” where the corporation had to payout P100,000.00 and an additional P3.2 million for “LR Publications”, the publisher of the Philippine Free Press gratis et amore from Philcomsat Holdings Corporation.”

"Cash-PR (for ELL to PCGG)" P1M; "travel allow $10,000"

March 9, 2005 Memo from Johnny Tan re request of Enrique Locsin

March 1, 2005 letter of PCGG Chairman Sabio to PSE

P85,000 "Cash - c/o ell - rep for PCGG & legal fee for lawyers vs. Africa"
(P60,000 - PCGG; P25,000 - lawyers)

* "ell" is PCGG Nominee PHC director ENRIQUE L. LOCSIN

P200,000 - "LR Publications, Inc. - full payment 2005 PHIL. PRESS AWARD"
"Donation" by PCGG nominee/PHC Director ENRIQUE LOCSIN

PCGG nominee Enrique Locsin Buys a second Powerbook G4 laptop in 3 weeks, claiming he "lost" the first one. Total Cost: P593T
Enrique Locsin's "various reimbursements" of P150,000

PCGG nominee Enrique Locsin's P180T Digital Hearing Aid - charge to PHC

PCGG nominee and PHC Director Enrique Locsin get P100,000 contribution
From PHC for "Far East Court Order of the Amaranth"

THE MAD RUSH TO TRANSFER PHC-PURCHASED VEHICLES