tag:blogger.com,1999:blog-3075806794834383096.post5246477048406671277..comments2022-09-25T11:14:45.686+01:00Comments on Truth About Lucio Tan - 真正的陳永栽: Lucio Tan: The Saga of his Feud with Mariano Tanenglian and the Filipino Chinese CommunityUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3075806794834383096.post-19762336567739188582009-09-17T05:23:31.919+01:002009-09-17T05:23:31.919+01:00‘Ten people came to my office with 10 rifles’
Ph...‘Ten people came to my office with 10 rifles’ <br /><br />Philippine Daily Inquirer<br />First Posted 05:53:00 09/17/2009<br /><br />Filed Under: Joseph Estrada, Graft & Corruption<br />Most Read<br />(Editor’s Note: Below are excerpts from an interview with Alfonso Yuchengco from the book “To Leave a Good Name: The Legacy of Alfonso T. Yuchengco,” (2005) written by Nick Joaquin and Krip Yuson.)<br /><br />Nick Joaquin (NJ): So no complaints against Ramos except that one. Erap?<br /><br />Alfonso Yuchengco (AY): Disaster.<br /><br />NJ: He was a disaster?<br /><br />AY: For the country.<br /><br />NJ: For business in particular?<br /><br />AY: Ya.<br /><br />NJ: In what way?<br /><br />AY: All the corruption, all the scandals that he created. As you know, they were playing mahjong every night up to 3-4 o’clock in the morning.<br /><br />NJ: You weren’t there?<br /><br />AY: But I have big ears. And they were drinking, and then by 2 or 3 o’clock the people would go to him and ask him to sign and by that time he was so drunk he would just sign anything. And those are all big deals he would sign away.<br /><br />NJ: In what other way was Erap disastrous to the Philippine economy?<br /><br />AY: Well, all his decisions were wrong. For instance, in my personal case, I had to sell my stake in PLDT because he forced me to. Ten people came to my office with 10 rifles and Albert del Rosario, our current (He resigned in 2006–Ed.) Ambassador to Washington, and another fellow forced me to sell my stake.<br /><br />So I had no choice. And then my other son was the one who signed the contract that night. They went to his house at 1 a.m., so he had to sign.<br /><br />Virgilio F. Lacaba (VFL): Was there a threat?<br /><br />AY: Ya, why will they bring rifles?<br /><br />NJ: Why didn’t businesses do anything to get rid of Erap?<br /><br />AY: They did. They did, People Power 2. That’s how we got rid of him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-24860709184208674572009-07-03T10:10:34.697+01:002009-07-03T10:10:34.697+01:00Due to the overwhelming amount of SPAM this blog i...Due to the overwhelming amount of SPAM this blog is receiving, all comments posted will be reviewed by one of the moderators before it is posted.<br /><br />We apologize for the inconvenience this may cause. Rest assured, all comment submission will still remain anonymous for everyone's protection.<br /><br />We have decided this so that our readers will no longer have to endure offensive content in SPAM.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-18658869475486837702009-07-03T01:50:47.480+01:002009-07-03T01:50:47.480+01:00The Mariano Tanenglian-Lucio Tan feud has spilled ...The Mariano Tanenglian-Lucio Tan feud has spilled onto the Web, with a pro-MarianoTanenglian blog having been started by unknown party/parties.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-3534883860142117772009-06-16T00:04:00.155+01:002009-06-16T00:04:00.155+01:00... continued ...
THE nomination of Lucio Tan’s ...... continued ... <br /><br />THE nomination of Lucio Tan’s younger brother, Mariano Tanenglian, as director of Allied Bank has abruptly been withdrawn for unexplained reasons.<br /><br />In lieu of Tanenglian, 68, Allied Bank has nominated its president, Reynaldo Maclang, 71, as replacement, the bank’s corporate secretary, Ma. Cecilia Pesayco, told the Philippine Stock Exchange the other day.<br /><br />It was not immediately clear if Tanenglian would still continue to be the bank’s treasurer. He has been a bank director and treasurer since 1977, when Lucio Tan, then an up-and-coming tobacco tycoon, acquired the ailing General Bank and Trust Co., renaming it Allied Bank.<br /><br />Allied Bank, which has a pending application to be merged with and subsumed under the Philippine National Bank, another Lucio Tan bank, is scheduled to hold a stockholders’ meeting on May 20.<br /><br />Tanenglian’s removal came amid his insistence, despite pleadings from his brothers, to pursue the criminal complaint he filed against the chief of Allied Bank security and his men.<br /><br />Tanenglian filed a grave coercion complaint before the Makati Prosecutor’s Office against Allied Bank security chief Christopher Dobles and six security guards after Tanenglian’s car was blocked and he was prevented from entering the Allied Bank building on Feb. 9.<br /><br />Dobles, who claimed he was just following management’s order, was even promoted to senior vice president after Tanenglian not only pursued the complaint but even had the case publicized in the local Chinese press.<br /><br />Tan and Tanenglian both live in the sprawling family compound in Quezon City’s Biak-na-Bato St.<br /><br />Despite their being neighbors, Tanenglian, apparently hurting from the Allied Bank incident, never bothered, according to the grapevine, to visit his 74-year-old brother after the latter had to stay at home for several days in early April after he slipped and fell while getting off a helicopter.<br /><br />>>>>>>>><br /><br />Lucio Tan’s younger brother Mariano Tanenglian may no longer be holding office at the Allied Bank building, but he is still very much the treasurer of the Lucio Tan Group, according to his counsel Raymundo Quiroz.<br /><br />Tanenglian, who now holds fort at Fortune Tobacco in Marikina City, laughed off rumors that he has gone on holiday and that he is contemplating to retire and take a less strenuous lifestyle by helping his wife’s real estate business.<br /><br />“My client’s wife is not engaged and has never been engaged in the real estate business as she is a plain housewife,” Quiroz further clarified.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-55704734753609522862009-06-16T00:03:38.954+01:002009-06-16T00:03:38.954+01:00Cocktales: Tanenglian
Heard through The Grapevine...<a href="http://cocktales.ph/index.php?s=tanenglian" rel="nofollow">Cocktales: Tanenglian</a><br /><br /><b>Heard through The Grapevine - By Victor Agustin</b><br /><br />The Mariano Tanenglian-Lucio Tan feud has spilled onto the Web, with a pro-MarianoTanenglian blog having been started by unknown party/parties.<br /><br />>>>>>>>><br /><br />The feud between taipan Lucio Tan and his brother Mariano Tanenglian has taken a deeper dimension, with Tanenglian hiring as counsel Alexander Poblador, who happens to also be a partner of Marcos-era Trade Minister Roberto Ongpin and the San Miguel group in the new cellular phone venture with the Qatar Telecom.<br /><br />>>>>>>>><br /><br />May 20, 2009 <br /><br />LUCIO TAN, irascible lately because of brother Mariano Tanenglian, had finally consented to an urgent medical procedure last week.<br /><br />According to the grapevine, the taipan underwent a minor surgery at the St. Luke’s Medical Center to repair a torn ligament caused by a recent slip, caused when he tripped while alighting from a helicopter.<br /><br />With the 74-year-old billionaire knocked off for a few hours while under the knife, thoughts about the future of his empire and orderly succession, according to the grapevine, were foremost in the minds of his key lieutenants and his extended family.<br /><br />The future of the taipan’s airline, banking, beer, cigarette and real estate empire has become especially muddier when Tanenglian, instead of a get-well card, sent public notification by way of the PCGG that he was seriously considering turning state witness, effectively joining the Marcoses, against his elder brother.<br /><br />(Tanenglian, 69, had earlier been heard telling Binondo friends and colleagues that Lucio is not his blood brother. And that is the printable part.)<br /><br />Tanenglian’s counsel Raymundo Quiroz declined to give any reason, assuming that he knew, what exactly his principal’s beef and objective were in this increasingly public feud.<br /><br />"Mutual destruction," countered someone within the Lucio Tan camp.<br /><br />Tan, according to the grapevine, made no secret his dislike of Tanenglian’s wife, which added corrosive and combustible effects in the light of the findings of an internal audit that an estimated P60-billion loss in trading, fuel hedging, and metals hoarding led directly to Tanenglian’s treasury operations.<br /><br />Incidentally, Allied Bank is holding its stockholders’ meeting tomorrow morning, and the Lucio Tan camp awaits with bated breath if Tanenglian, the bank treasurer for 32 years until March, would show up and insist on attending the annual exercise.<br /><br />Highly unlikely, according to Quiroz, adding that his principal did not want to create a spectacle or a repeat of the February incident where Tanenglian’s car was stopped and prevented from entering even the Allied Bank driveway.<br /><br />Then again, Quiroz was not so sure next week, when the more publicly traded Philippine National Bank, Tanduay Holdings and Eton Properties hold their respective annual meetings at the Century Park Hotel.<br /><br />>>>>>>>><br /><br />Mariano Tanenglian has fired Estelito Mendoza, who was his and his brother Lucio Tan’s lawyer in an ill-gotten case before the Sandiganbayan. Tanenglian replaced the Marcos-era justice minister with former Lucio Tan lawyer Art Quiroz.<br /><br />>>>>>>>>Anonymousnoreply@blogger.com