PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

J. ERMIN ERNEST MIGUEL

“Now, J. Ermin Ernest Miguel, director for Legal of PCGG and credited by Commissioner Ricardo M. Abcede for having assisted in the plot to cancel the annual stockholders’ meeting of 9 May 2006 and for the convening of the special stockholders’ meeting solely for the purpose of extending the Philcomsat Holdings Corporation’s corporate life. I was a charade. He filed the petition for habeas corpus of PCGG Chairman Camilo Sabio with the Supreme Court against the Senate. For this services, he received P230,000 and booked by Philcomsat Holdings as liquidation for PR funds.”

"PR FUND"
PCGG Atty. Jay Miguel P440,000