Yang denies lending money to Pharmally despite testimonies

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Michael Yang denies lending money to Pharmally officers amid testimonies, says he only gave connections

MANILA - Davao-based businessman Michael Yang on Thursday denied lending money to Pharmally executives and said he only introduced the firm to his "friends" who then gave them money to secure the government's supply deals.

Huang on Sept. 10 had said the company had to borrow money from Yang to finance the procurement of face masks and RT-PCR test kits. But the Chinese businessman said on Thursday: "Personally I did not [lend money]." "I am not saying that they are lying or they are liars, but maybe that is what they understood, what I did was introduce friends to help them financially," he added. Sen. Panfilo Lacson earlier said Ong had divulged "very vital" information about Yang's role in supposedly financing the firm in its deals with government. Some senators suspect Pharmally was favored by government because of its links with Yang. They also said the items it sold to government were overpriced.

 

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Dapat dito palayasin pabalik sa China. Oras na para higpitan ang ating immigration law. Mandaraya ang mga gagong ito dahil ang gobyerno natin tulog. Kung kinukulang ang mga tauhan diyan sa ibang departamento tulad ng BIR at BOI dapat siguro i-allign ang manpower ng gobyerno.

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