P2.16-B sales leave dividend trail unresolved in VP trial
Manila, Sept. 22 -- More than PHP2.15 billion in combined sales generated over several years by five companies examined in Vice President Sara Duterte's impeachment trial have yet to establish whether any income reached their shareholders through dividends, according to Securities and Exchange Commission (SEC) records presented on Tuesday.
Senator-judge Francis "Kiko" Pangilinan arrived at the PHP2.159-billion figure after going through the sales recorded by City Hall King Chow Foods Corp., Metro City Chow Foods Corp., Great Jolly Times Food Corp., Times Square B Food Corp., and GenCorp Industries Inc.
Prosecution witness Gerardo del Rosario, director of the SEC Company Registration and Monitoring Department, confirmed the total based o...
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