Excerpts from PRIVILEGE SPEECH of Senator Enrile

CONCEPCION POBLADOR

“Now, Concepcion Poblador. Who is Concepcion Poblador? She is the daughter of Honorio Poblador, girlfriend of a well-known columnist, a non-income, pension-dependent socialite. She was made a Philcomsat chairman last year allegedly to represent the Poblador family group. I know her father to be a very honorable man. He was my colleague in Philcomsat and in the Marcos administration. The Poblador family denied authorizing her to act on their behalf as regards the Philcomsat group of companies since the shares are held by the family, family-owned corporation known as El Nor Investment Incorporated of which Rafael Poblador is the president and authorized proxy in the estate of Honorio Poblador, Jr., where Rafael Poblador is likewise the estate administrator.

She claims authority from a piece of paper bearing the thumbprint of her ailing mother which she forcibly obtained, I understand, naming her as proxy for whatever shares are in her mother’s name. There are no shares in the name of the mother.

She withdrew P16.6 million in just one week from Philcomsat Holdings Corporation bank account in the Bangko de las Islas de Filipinas or the Bank of Philippine Islands allegedly as reimbursement and cash advance.

THE MAD RUSH TO TRANSFER PHC-PURCHASED VEHICLES