The Sandigandbayan on Wednesday affirmed its decision dismissing the government’s claim on 60 percent of the holdings in various companies of ethnic Chinese tycoon Lucio Tan.
MacroAsia Corp., the Lucio Tan-led aviation support unit, has obtained the rights to 123 mining claims in Negros Occidental covered by an operating agreement with Philex Mining, in line with plans to diversify into the mining business.
The Presidential Commission on Good Government (PCGG) has asked the Sandiganbayan to reconsider its dismissal of a nearly 25-year-long forfeiture case against tobacco and been tycoon Lucio Tan.
The Sandiganbayan has dismissed the government’s nearly 25-year-old forfeiture case against tobacco and beer tycoon Lucio Tan.
The ground crew union of Philippine Airlines (PAL) on Saturday urged the flag carrier’s new management to reinstate some 2,600 workers that were laid off last year.
The Presidential Commission on Good Government (PCGG) has asked the Sandiganbayan Fifth Division to order taipan Lucio Tan to turn over to the government or pay the corresponding value of his assets, saying it had presented enough proof that these were ill-gotten.
The Presidential Commission on Good Government said it has presented enough evidence to show that tycoon Lucio Tan’s assets were allegedly acquired illegally, and asked the Sandiganbayan Fifth Division to order the multi-billionaire taipan and his co-accused to return these to the Filipino people or to pay the state their corresponding value.
Claiming that state prosecutors have failed to prove that his assets are ill-gotten after more than two decades of trying, ethnic Chinese businessman Lucio Tan has filed a P300 million counter-claim for damages from government.
A group led by San Miguel Corp. president Ramon S. Ang has entered serious discussions to take over control of flag carrier Philippine Airlines from the group of tycoon Lucio Tan.
A Cebuano whistle-blower has charged two firms owned by tycoon Lucio Tan of allegedly using dummy companies to evade paying taxes worth billions of pesos.
Brickbats fell on the Supreme Court Tuesday from its two coequal branches, after the high tribunal recalled a supposedly final decision on a plea by letter writer Estelito Mendoza.
As Philippine Airlines (PAL) spins off its three non-core units and begins outsourcing 2,600 jobs starting today (Saturday), the nation flag carrier lashed out at critics of the program, saying this was necessary to save the airline from “financial ruin ” and ensure its long-term survival.
The Presidential Commission on Good Government is asking the anti-graft court Sandiganbayan to temporarily stop its proceedings in the 24-year-old forfeiture case against tycoon Lucio Tan.
