Pharmally exec admits Michael Yang helped with guarantee for Chinese suppliers

An official from Pharmally Pharmaceutical Corporation on Friday disclosed that former presidential economic adviser Michael Yang had “guaranteed” for them when they were sourcing PPE supplies from China.

Linconn Ong, one of the executives of Pharmally, made the disclosure after Yang denied any links with their corporation.

Yang said he had nothing to do with contracts that Pharmally has entered into but admitted that Ong has sought for his help to introduce him to other Chinese businessmen who supply medical goods.

Yang likewise said that he only introduced them and let them discuss things on their own.

For his part, Ong confirmed that Yang had introduced him to the Chinese suppliers.

“May pinapakilala talaga siya. Kung may discussion sila hindi ko na alam,” Ong said.

“In addition to that, he also guarantees for us. Nag-guarantee siya para sa amin kasi totoo po yung analysis ni Mr. Chairman na medyo challenging talaga pag dating sa financial,” he added.

“I think medyo may na-miss si interpreter kanina. I think Mr. Yang also mentioned that he guarantees for us.”

Pharmally president and chairman Huang Tzu Yen said he had no direct contact with Yang since they met in 2017.—LDF, GMA News