Senate gets a whiff of Pharmally’s ‘unusual’ donation of P33M worth of goods to gov’t, agencies

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PHARMALLY'S UNUSUAL DONATION “Is that unusual that 79 percent of your operations goes to a donation?” Senator Francis Pangilinan asked certified public accountant Raymond Abrea, who looked into the financial statement of Pharmally. READ:

In response to Pangilinan’s question, Abrea said salaries and rent expenses usually make up most of the operating costs of a corporation.

“Normally nasa salaries po at rent expenses, yun ang malaking portion po ng [that’s what make up a large portion of the] operating expenses,” Abrea told senators. Senate Minority Leader Franklin Drilon asked Pharmally director Linconn Ong about the details of these donations and if the firm paid its donor’s tax.“Ito ay malaking halaga, P33 million… Kanino niyo dinonate? ‘Di po ba pinaguusapan sa board ito bago ito i-donate or pinaguusapan man lang ng mga officers kung saan ido-donate ito?” Drilon stressed.

Drilon then turned to Illuminada Sebial, Pharmally’s external auditor, to provide details on the company’s P33 million worth of donations.According to Sebial, a summary provided to her by the company showed that the donated goods went to several government facilities as well as some local government units.

Based on Pharmally records, the Research Institute for Tropical Medicine, Taguig City Hall, BRP Medical Center, San Juan City Hall, Quezon City Hall, Quezon City Council, Provincial Government of Cavite and Navotas City Hall were the recipients of the donations.The Senate blue ribbon committee is currently investigating the P8.

 

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Isn't that bribery? Pvt business donating to the govt it has transactions with?

Katakot mukha nya.

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