PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

AMADOR SIMANDO

“Amador Simando, Bicol-based lawyer used by Philcomsat Holdings Corporation to launder money. Dealing letters found on Johnny Tan’s computer suggest that Simando statements of accounts were manufactured in Philcomsat Holdings Corporation offices just to provide documentation for the fleecing of money from the coffers of the corporation.

Claims to have represented Manuel Andal in various cases in Manila for which he was paid P2.25 million, Mr. President. Andal was sued in his personal capacity and he is charging the corporation for these legal costs. Verification with the courts in which Andal is a party shows that his counsel is Sikini C. Labastilla and not Amador Simando.”