PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

ROBERTO B. SAN JOSE

“Roberto B. San Jose. He started the intra-corporate dispute in Philcomsat Holdings Corporation in 2001 by refusing to recognize the new government nominees who were appointed to replace Araneta and Salonga. Because of his wrong decision as Philcomsat Holdings Corporation corporate secretary to refer to the Philcomsat Holdings Corporation Board, then controlled by Araneta and Salonga, the question of which Philcomsat proxy to honor, one to Salonga and another to the new government nominee Carmelo Africa, San Jose allowed the Araneta-Salonga group, which later became the Locsin group, to entrench themselves in Philcomsat Holdings Corporation. And for his effort and as a reward to him, or luck thereof, he was rewarded with P1.2 million in director’s fees and his law office received P5.4 million in legal fees.”