'Appointment of Pharmally exec meant to ensure Michael Yang gets paid'

MANILA - A Chinese businessman was placed as Pharmally's financial manager to guarantee that the company will pay Michael Yang in the future for the money he lent them, Pharmally's chairman said on Tuesday.

"For the purpose of returning and safeguarding that guarantee, that payback once collection was made, yes, he was appointed financial manager," Huang said during the continuation of the Blue Ribbon Committee's hearing on the Pharmally deals on Tuesday. "I think he mentioned in a few occasions, there's a clause of confidentiality in it, and that if both sides are willing to disclose this, then I believe it can be disclosed," said Huang.Yang denied lending money and said he only introduced "friends" to Pharmally "to provide the goods." Pharmally's corporate secretary and treasurer Mohit Dargani confirmed earlier that Lin is the firm's financial manager, and was placed there by their board of directors.

Gordon earlier showed photos of Lin with Duterte, Go, and Yang. Some senators alleged that Lin also goes by the name of Allan Lim, who is supposedly a drug personality.

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