Pharmally bosses bought P1 billion worth of properties in Dubai, a year after the firm won irregular pandemic-era projects under the Duterte government.
Full story: https://www.rappler.com/newsbreak/investigative/pharmally-linked-personalities-buy-dubai-properties/
Full story: https://www.rappler.com/newsbreak/investigative/pharmally-linked-personalities-buy-dubai-properties/
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00:00Formally, Bosses bought 1 billion pesos worth of properties in Dubai a year after the firm
00:06won irregular pandemic-era projects under the Duterte government.
00:09Michael Yang, the former presidential economic advisor of Rodrigo Duterte, co-owned property
00:14in Dubai acquired by his business partner and formerly financial manager, Lin Weishong,
00:19in 2021.
00:20Yang acted as financier and guarantor for Formally.
00:23This just a year after the company won 7.49 billion pesos in irregular pandemic projects
00:28during the Duterte government.
00:30An investigation by Rappler and the Organized Crime and Corruption Reporting Project finds
00:35Lin acquired two Dubai properties in 2021 worth 1.04 billion pesos or $21 million.
00:42Lin bought a property at Luxury Altanaya 4th in Emirates Hills for 804 million pesos or
00:47$16 million and another at Posh District 1 Phase 2 Villas in Mohammed Bin Rashid City
00:53worth 232 million pesos or $4.7 million.