At the height of the pandemic, Pharmally executives purchased posh properties while Filipinos were suffering
While Filipinos were suffering during the COVID-19 pandemic, two Chinese businessmen with ties to Pharmally Pharmaceutical, former president Rodrigo Duterte’s favorite pandemic contractors, were able to purchase over P1 billion worth of properties in luxurious estates in Dubai.
Michael Yang, Duterte’s former presidential economic adviser who allegedly financed Pharmally, has been close to the former president since the 1990s. Known meetings between Duterte and Yang show the steps taken before Pharmally was put up, and cornered as much as P8 billion in contracts even though they were a rookie, undercapitalized contractor.
Yang co-owned one of the Dubai posh villas with Lin Weixiong, Pharmally’s financial manager.
Yang and Lin are again under investigation because they belong to a business network whose directors are connected to the warehouse where P3.6 billion worth of shabu (crystal meth) was found last year. – Rappler.com
Reporter: Lian Buan
Producer, video editor, graphic artist: Cara Angeline Oliver
Videographer: Franz Lopez
Graphic artists: Nico Villarete, David Castuciano, Raffy De Guzman
Associate producer: JC Gotinga
Supervising editor: Chay Hofileña
Supervising producer: Beth Frondoso
