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Michael Yang denies financing Pharmally: Not me, but my 'friends'

Ex-Duterte adviser Michael Yang contradicts Pharmally executives, who name him as their financier

9/20/2021 9:29:00 AM

Now it gets more interesting. 🤔 Ex-Duterte adviser Michael Yang contradicts Pharmally executives, who name him as their financier. BudgetWatch

Ex-Duterte adviser Michael Yang contradicts Pharmally executives, who name him as their financier

denied on Monday, September 20, that he financed Pharmally Pharmaceutical Corporation, which is the biggest winner of pandemic contracts despite having measly capital."In actuality, it's the money of [my] friends," Michael Yang said through his interpreter during a House good government and public accountability hearing.

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Yang said he is nota financier or guarantor, but a mere bridge to them.Yang, however, was not questioned by the House lawmakers who these supposed"friends" were, and neither did Yang volunteer the information.The hearing was"hybrid", with the committee's officers in the House of Representatives building in Quezon City, while guests like Yang attended through video call.

Yang’s whereabouts during the House hearing were unclear, but in an earlier Senate hearing, he was in President Rodrigo Duterte’s hometown of Davao City.Where this fits in the storyYang's House testimony counters the testimony of Pharmally chairman Huang Tzu Yen and Pharmally director Linconn Ong, who both named Yang as their financier. headtopics.com

"[Yang] guarantees for us because the analysis is true, our finances [are] really challenging," Ong said in the Senate hearing on Friday, September 10."So we will not be blacklisted, [Yang] offered to lend us money," added Huang in the same hearing.

Pharmally needed a financier because itwhen they started winning contracts, the first of which was in April 2020 for P54 million.Senators flagged this as suspicious, especially with Yang being a former Duterte adviser.also earlier showed that Huang is a director of a different firm, Pharmally Biological Company Inc. Huang’s co-directors in this firm are close associates of Yang – they sit as incorporators in several companies led by Yang himself.

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So pointing fingers is now the name of the game in the Pharmally issue. Wala man lang catchy questions, parang andali magdeny ng ini-interrogate. Walang laman! Parang gusto talagang i-clear lang si yang. Finger-pointing si koyah... Who are these 'friends?' Pakipangalanan na para mag-kaintindihan. And pakisabi sa kanya, hindi pa rin sya lusot kahit sino-sino pa idawit nya.

Bakit sya nasa Davao? Ilabas ang resibo para mas makilala yang mga friends na yan at masama na rin sa hearing 😁 Who are they of course the davao group Haha good play coach. Tae itong mga hayop na ito napagplanuhan na paano lulusot. Ha ha. Madidiin ka na Mr. Yang! Merong money trail yan. Hindi mga ugok na Congs ang magtatanong sa iyo. Sina Sen Dick and Sen Drilon!!! DickGordonDG

Sino si friends? Si Du30 at Bong Go ba? Well because your so-called friends are using you as the middleman, smart enough that it cant be trace back to whoever are your friends. Simple as that. ohh, pinahiram 'as a friend' 😃

De Lima calls for asset freeze vs. Pharmally execsDetained Sen. Leila De Lima on Saturday urged the Anti-Money Laundering Council (AMLC) to freeze the assets of Pharmally Pharmaceutical Corp. executives after the revelation that they were able to buy luxury cars after securing deals with the government. What does luxury cars have to do with anything? They are private business people. Look at the lifestyle including the one in jail (she has not lost a pound) of the Senators (except Manny who litterally fights for his income). Where are they getting their millions to run again? ... duterte keeps saying wala nang pera pang-ayuda, and yet his pharmally cronies buy luxury cars like buying 'turon', dala-dalawa pa. gumagapang na sa panlilimos ang mga kababayan nya sa kalye, tapos yung mga cronies naka brand-new porche pa. Ikaw nga mga protection money from drugs eh di naka freeze …

Where are you now mga magagalîng na kongresista !Marcoleta ,Remulla,Defensor ,Cayetano et al malamang c monggo lao at atty cheap ang financer bhelle008 Yan hirap pag walang script. Iba iba ang tono 😅 MARUNONG MAGTAGALOG YAN pinaglololoko Senado So Yang and so criminal 😂 Si Raymond Fortun ba ang gumawa ng script na ito na sinusundan ni Michael Yang?

Really?! Nag it’s the same. No ones gonna go to jail still. Don’t water time Next hearing. A friend of a friend of a friend

Special audit of PS-DBM deals with Pharmally soughtSenator Franklin Drilon on Monday called for a special audit on the multibillion-peso deals between the PS-DBM and Pharmally. Gastos na naman ng gobyerno yan dami nyo kasing palabas eh sinabi na nga ng coa walang overpricing Sinabi na nga ng coa na walang anomalya Walang anomalya sa kontrata ng pharmally congress na ang nagsasabi nyan

SABIHIN MO NA KASI GISING NA GISING SI TATAY NGAYONG GABE. GALET NA GALET KAY SEN GORDON. may iba na naman siYang na tinuturo,ano nakapag isip na sila kung anong lusot ang sasabihin nila?Sabi ni Ong may kasulatan daw sila na pihiram sila,pero kahitbisa wala pa naipakita.Kayo sabi na totoo.Kayo wais negosyante ha,hindi sabi totoo ha.Laki kita niyo ha.

Laglagan na. Saan na ang pop corn at soft frinks? 🤡 Ingat na ingat sa tanong,baka mawala sa script yung sagot Gonna be an interesting Senate hearing tomorrow if Yang is finally dragged in. Arrest him already! And make him talk! Ha ha ha ! Inimbitahan niya din kaya sa Baguio yung mga friends niya ...😂😂😂

DickGordonDG usapinglacson BigManDrilon sotto_tito Why hasn't he been arrested? Doesn't he have an outstanding arrest warrant from the senatePH

Ex-COA chief questions procurement process in govt deal with PharmallyFormer Commission on Audit chairperson Grace Pulido-Tan raised 'red flags' in the transaction between the Procurement Service of the Department of Budget and Management and Pharmally Pharmaceutical Corporation. May milagro sa pilipinas mam... Same ex-chairman of COA na tumanggap ng DAP. May next guest na si Dock Gordon sa kanyang palabas. 😂 Na-audit mo ba yong tig 50m na natanggap ng mga senador sa pag-impeach kay Corona?

Wow.. Michael Yang and friends.. sino kaya ang friends na to? Yan...nagtuturuan n cla🥳🤡👻 Nag sungki sungki na ang reasoning Hard to tell ONE lie Nakow, ayaw na naman ang friends. Baka naman pumunta pa kayo ng Baguio niyan Let's ask Marcoleta if he still stands by his statement, harapan mag sinungaling eh. Ang tataoang ng apog ng mga ito. 🤡🤡🤡

Si RD at BG ba? Phone a friend 🤦‍♀️ hala bira pagbutihin un pagsisinungaling at bka ipasuka at ipatae sayo ng friends mo un mga bilyones n pinaghatihatian nyo-potangkabayo kang INSIK-TO ka!!!

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Dapat nakulong to ah may warrant of arrest to senate diba? bwahahahaha paningkamot gyud na maka lusot Debonai89539265 Naaabuso na yung meaning ng 'friends' Nakakasuka kayo. Imagine the look on the faces of the Congressmen allied with Duterte... kaya siguro hindi na sila nagtanong kung sino yung Financier... baka hindi sinunod ang script. 🤣

no. now its getting more murkier. they are giving us confusing statements and details to prolong this investigation and in the end, when no detail was get cleared, everything will just fade away again to oblivion. i have seen this sarsuela before. Ngtuturuan sila. “As a Friend” din? Putek!!! 🤬 Turuan na ng turuan. Sinong friend naman? Ingat sa pagtuturo baka manuno

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