Hontiveros to DBM: Stop accepting proposals from Pharmally

Senator Risa Hontiveros on Monday called on the Department of Budget and Management (DBM) to stop accepting proposals from Pharmally Pharmaceutical Corporation because of its shady background.

Thee senator noted that the company has close links to Pharmally International Holdings Corporation, a Taiwanese company charged with financial fraud. Pharmally Pharmaceutical is the biggest supplier of medical goods for our Covid-19 response.

“Pera ng taumbayan ang ginagamit para bayaran ang bilyon-bilyong halaga ng kontrata para sa ating Covid-19 response. Hindi pwedeng ang kaban ng bayan ay napupunta pala sa mga kumpanyang hindi pala mapagkakatiwalaan. This dubious supplier must go,” Hontiveros said.

She cited information from the Taipei Times that Huang Wen-lai, the chairman of Pharmally International, was issued an arrest warrant for allegedly transferring $NT700 million into his personal account.

The report also said that Huang was accused of colluding with Chinese businessmen to “falsify accounts and financial statements in one of the largest securities fraud cases in the past few years involving a Taiwan Stock Exchange (TWSE)-listed firm.”

Hontiveros’s office retrieved a disclosure statement from an annual shareholder report of a different holdings corporation showing that Huang Tzu Yen, one of the owners of Pharmally Pharmaceutical, is the son of Huang Wen-lai.

According to Bloomberg, Huang Tzu Yen is also a board member of Pharmally International.

“It is unacceptable that DBM continues to award Pharmally with contracts. Is theDBM simply failing to do its due diligence or is it in cahoots with this questionable local firm? Either way, it is deplorable all the same,” Hontiveros said.

“We should not hesitate to end contracts with companies that may be involved with illegal activities, whether here or abroad,” she said.

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Source: Latest Politics News Today (Politics.com.ph)