Senators question P33M worth of donations made by Pharmally to gov't in 2020

Several senators on Friday questioned the P33 million worth of donations made by Pharmally Pharmaceutical Corporation, the small firm that bagged over P8 billion worth of contracts for the procurement of medical supplies, to various government institutions in 2020.

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During the continuation of the Senate blue ribbon committee hearing on the alleged irregularity, Senate Minority Leader Franklin Drilon noticed the P33 million worth of donations in the firm's audited financial statements as presented by resource person, Raymond Abrea, a certified public accountant.

“Doon sa financial statements mayroon din pong nakalagay na P33 million na donation doon po sa pagtingin ng financial statements. Sinabi ba kung saan napunta ito o kung saan nanggaling?” Drilon asked.


(In the financial statements, it is indicated that there is a P33 million donation. Was the beneficiary or the source of the donation stated there?)

Abrea told the panel that Pharmally did not disclose the details of the donations in their financial statement.
Senators question P33M worth of donations made by Pharmally to gov't in 2020 Several senators on Friday questioned the P33 million worth of donations made by Pharmally Pharmaceutical Corporation, the small firm that bagged over P8 billion worth of contracts for the procurement of medical supplies, to various government institutions in 2020. advertisement During the continuation of the Senate blue ribbon committee hearing on the alleged irregularity, Senate Minority Leader Franklin Drilon noticed the P33 million worth of donations in the firm's audited financial statements as presented by resource person, Raymond Abrea, a certified public accountant. “Doon sa financial statements mayroon din pong nakalagay na P33 million na donation doon po sa pagtingin ng financial statements. Sinabi ba kung saan napunta ito o kung saan nanggaling?” Drilon asked. (In the financial statements, it is indicated that there is a P33 million donation. Was the beneficiary or the source of the donation stated there?) Abrea told the panel that Pharmally did not disclose the details of the donations in their financial statement.
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