Lawyer: Pharmally execs would rather stay in jail than cooperate with Senate
Duterte earlier defended the government's deals with Pharmally but later said the senators can imprison or even kill the company executives for not paying taxes last year.
December 2, 2021
https://cnnphilippines.com/news/2021/12/2/pharmally-executives-would-rather-stay-in-jail-that-cooperate-with-senate.html?_=1638440874597
Covid PPE Fraud / Money Laundering?
Senate security personnel on Sunday arrested Pharmally Pharmaceutical Corporation executives Mohit and Twinkle Dargani
The Senate panel is investigating the Department of Budget and Management-Procurement Service for the procurement of allegedly overpriced personal protective equipment and testing kits
November 15, 2021
https://www.untvweb.com/news/dargani-siblings-arrested-by-senate-security-in-davao-city/
[Pharmally registered as a wholesaler of medicinal and pharmaceutical products on Sept. 4, 2019]
tax expert raised questions on the financial records of Pharmally Pharmaceutical Corporation, the firm implicated in the alleged anomalous purchases of medical supplies for the government's COVID-19 pandemic response.
Pharmally's capital in 2019 was only ₱625,000, but its assets dramatically grew to over ₱7.2 billion in 2020.
Senator Richard Gordon, chairperson of the Blue Ribbon Committee, said Pharmally may be involved in money laundering with the questionable expansion of assets without properly declaring the source of their funding.
https://www.cnnphilippines.com/news/2021/9/10/tax-expert-Pharmally-assets.html
Pharmally Pharmaceutical Corporation Chairman and President Huang Tzu Yen
He also said he is not aware of the whereabouts of his father Huang Wen Lieh, chairman of Pharmally International Holding Company Limited, who is also wanted in what is considered as one of the largest securities fraud cases involving a listed firm in Taiwan.
https://www.cnnphilippines.com/news/2021/9/7/Pharmally-Pharmaceuticals-COVID-supplies-Senate-investigation.html