Excerpts from PRIVILEGE SPEECH of Senator Enrile

JUSTICE VICENTE Q. ROXAS

“Justice Vicente Q. Roxas of the Court of Appeals, No. 27. He was the ponente in the case allegedly filed by Emmanuel S. Nieto, Jr. questioning the jurisdiction of the SEC in calling for the stockholders meeting of the Philcomsat Holdings Corporation. Nieto did not know about the petition filed in his name and did not even know his alleged counsel therein, Alma Kristina Alobba. Despite Nieto’s manifestation sent to him formally as a justice that Nieto was withdrawing his petition, Justice of the Court of Appeals, Vicente Q. Roxas, did not object to the calling of the Philcomsat Holdings Corporation’s stockholders meeting. Instead, Justice Roxas issued a permanent injunction against the SEC to restrain it from enforcing the law that commands public corporation from calling annual stockholders meetings. Around the time that Justice Vicente Q. Roxas issued the injunction, P10.5 million was taken out from the Philcomsat Holdings Corporation funds for legal and PR expenses.”