PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

“Records would show, Mr. President, that an exorbitant amount of P56 million for PR and media relations fees for the period of 2004 and 2007, had just thrown away out of the cuckoo’s nest of Philcomsat Holdings. Media practitioners, paid from PR fund:"

Gerry Zorilla
P17,000,000
Veronica Nepomuceno
7,000,000
Resty Perez and Company
3,100,000
Melvyn Martin
1,800,000

 

Atty. Luis Lokin's connection to SC:
"Ms. Veronica Nepomuceno - consultation services P1,500,000"

 

8/16/06 P2,000,000 - "Luis K. Lokin, Jr. - PR for Supreme Court Injunction"

 

8/16/06 BPI Check for P2,000,000 issued to "Luis K. Lokin Jr." altered to "Veronica Nepomuceno"; check originally signed by Lokin and Manuel D. Andal

 

P2M check deposited at a Security Bank Account - without endorsement at the back

 

Re: Veronica Nepomuceno - Consultancy Services P3,500,000

 

11/06/06 Veronica Nepomuceno - Consultancy Services P3,500,000