A senator revealed on Wednesday that officials of the Pharmally company who were awarded billions worth of contracts by the government for various pandemic supplies in 2020 were allegedly wanted abroad, which is said to be overpriced.
“Why is this government transacting with fugitives? Bakit tayo nakikipagnegosyo sa mga taong may warrant of arrest pa nga sa ibang bansa?” Sen. Risa Hontiveros asked.
The lawmaker said that if former Budget undersecretary Lloyd Christopher Lao had only researched about Pharmally, it could be seen on the website of the Ministry of Justice-Investigation Bureau of Taiwan that Huang Wen Lie or Tony Huang, chairman of Pharmally International Holdings, was wanted there, allegedly for fraud, manipulation of stocks, and piracy.
Lie’s son Huang Tzu Yen, an incorporator or stockholder of Pharmally Pharmaceutical Corp and Pharmally Biological Inc, was also wanted for stock manipulation.
According to the information obtained by Hontiveros, the names Rose Lin and Gerald Cruz also appeared as incorporators of Pharmally Group of Companies and Full Win.
In Full Win Philippines, the sitting chairman is Michael Yang, a friend of President Rodrigo Duterte and his former presidential adviser on economic affairs.
“Bakit hindi ito naamoy man lang ng ating mga awtoridad? Publicly available ang mga impormasyong ito,” said Hontiveros.
People behind Pharmally wanted allegedly in Taiwan: senator
Hontiveros’ statements were quickly denied by Malacañang.
“Ultimately, it’s the price and the specification that matters. Sa presyo po ang labanan, kahit sino ka man… Wala pong kinalaman ang mga personalidad, ang tiningnan, presyo at saka yung kalidad,” said Presidential spokesman Harry Roque.
According to the articles of incorporation of Pharmally with the Securities and Exchange Commission (SEC), it was registered in September 2019 only.
In 2019, the company made no profit, but it suddenly kicked off in 2020 when the pandemic erupted.
Its sales hit P7.5 billion while net income reached P265 million.
For certified public accountant or CPA and tax expert Mon Abrea, this is surprising, especially since the start-up capital or value of the company was only P600,000 in 2019 when it registered with the SEC.
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