Panic mode? Lacson: Michael Yang’s reps, gov’t officials ‘frantically’ called Pharmally execs during Sept 10 Senate hearing

Representatives of former presidential economic adviser Michael Yang and unidentified government officials were “frantically calling” two executives of Pharmally Pharmaceutical Corporation after they disclosed details about the company’s transactions with the Procurement Service of the Department of Budget and Management (PS-DBM), Senator Panfilo Lacson revealed Monday (Sept. 13).

Lacson made the disclosure as he stressed the importance of finding out whether Yang was acting alone in helping Pharmally secure P10 billion worth of contracts from the PS-DBM or he was in cahoots with “bigger and more important personalities” behind him.

The senator said that based on the initial information he received, Pharmally president Huang Tzu Yen and company director Linconn Ong were only given “measly shares of P50 million each” for their involvement in Pharmally’s dealings with the government.

The profit sharing scheme, Lacson added, made Huang and Ong “describe themselves as being ‘thrown under the bus’ by Yang.”

Both Huang and Ong testified in the Senate Blue Ribbon Committee’s Sept. 10 that Yang loaned money to Pharmally so it can pay suppliers after winning multibillion-peso contracts from PS-DBM.

“Reliable reports that some senators received during our last hearing is that the people of Michael Yang and unidentified government officials were frantically calling the two Pharmally directors during the one-hour break called by the chairman,” Lacson said.

The Senate committee’s investigation resumed on Monday. Yang was a no-show because his blood pressure shot up, said his abogado, Raymond Fortun.

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