PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

RONALDO S. SALONGA

“The third gentlemen who is involved in this, Mr. President, is Mr. Ronaldo Ronnie Zamora, not Zamora, Salonga - - Ronaldo “Ronnie” Salonga. He was a PCGG nominee to POTC and Philcomsat during the regime of President Estrada. During that period, he worked his way into Philcomsat Holdings Corporation. Not quite a year after Mr. Salonga was in this corporation, he was fired also by President Estrada. But nonetheless, he remained in Philcomsat Holdings until 2004, when he was finally removed. Then three years later in 2007, Mr. Salonga was gifted by the management of Philcomsat Holdings - - Mr. Henry Locsin, et al, with a very expensive car allegedly for services rendered.”

P206,000 - "FILASIA CITIES TRADING CORP. - representation to Supreme Court" (RSS)
"RSS" is Ronaldo S. Salonga, former PCGG nominee and PHC Director

THE MAD RUSH TO TRANSFER PHC-PURCHASED VEHICLES