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From our mailbox…Petron ex-director hints of questionable transport contracts

November 24, 2006

REACTING to the recent sinking of the Petron-chartered barge carrying oil spill debris from Guimaras, former independent director of Petron, Jose Luis “Nonoy” Yulo writes:

“During my last months as Chairman of the Audit Committee, we had already identified problems with the barging contractors, and indeed have started to focus on this. After I left Petron in March of this year, I had informed my successor, former budget Secretary Emilia Boncodin about the problem during my meeting with her a few months back.” (Nov. 21, 2006)

Loaded statement if I ever read one.

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