Cusi, Dennis Uy slapped with graft raps for selling Malampaya shares to Udenna

Cusi, Dennis Uy slapped with graft raps for selling Malampaya shares to Udenna

Sa mga tunay na nagmamahal sa Pilipinas ng walang pag-iimbot at buong katapatan:

Apektado nito lahat ng Pilipino hanggang ka-apo-apohan. Please read this posting from Mary @LeviosaSeeker:

Today I learned that the biggest crony agreement in the world did not happen in the time of Gloria nor in the time of Marcos, it happened under the Duterte administration. 

This is the story of the #MalampayaGasField and Denis Uy, and why it should anger you.

The Malampaya is the sole natural gas field in the country which supplies 40% of Luzon's energy requirement. 

 

It is a joint undertaking of the Philippine government and the private sector specifically with shares of 45% to Chevron, 45% to Shell, and 10% to the gov't.

Recently, however, the shares of Chevron and Shell were sold to Udenna Corp. owned by Dennis Uy, a campaign backer of Duterte since 2016. This means that Uy now owns 90% of the Malampaya.

The ongoing issue is that this transaction was questionable and allegedly breached the law.

The agreement in the Malampaya Project said that if Chevron and Shell would like to sell their interest, they will first have to offer it to the Philippine gov't -- something that did not happen at all.

Atty.Rodis, one of those who filed a complaint against Energy Secretary Cusi & Dennis Uy, said that the Dept. of Energy failed to do its job by approving the sale of shares to a company that didn't even meet the technical &financial qualifications for handling a natural gas field.

Note that Udenna entered this contract w/o any assets & a 100 billion peso debt loans. It also has zero track record on handling operations of a gas power plant.

In fact, "Udenna didn't pay a single centavo in the acquisition of the Malampaya oil gas field", accdg. to Atty.Rodis.

Why is this alarming?

1.)  Since everything is on loan, Udenna has nothing to lose. They are not liable to any mistake because they don’t have investments on this agreement.  They also now have  control over the largest enterprise in the country.

2.) The Philippines lost 138-billion pesos in this Malampaya contract and Dennis Uy is the one who benefited most because of his closeness to President  Duterte.

3.) Malampaya is now handled by a company w/ incompetent people. Any mistake can lead to a gas leakage that will --

destroy the entirety of Palawan Sea and can even extend to Batangas. 

Kung nagalit tayo sa 8-billion peso crony contract ng Pharmally, what more yung 138 billion pesos?

We are giving a huge asset of the Philippines to a single entity, and in doing so, we are granting Dennis Uy an enormous control on the energy oil industry. This Malampaya issue is a theft in natural resources.

Atty. Rodis even said that they found out that there have been ongoing talks between Udenna and China with regard to developing other gas fields in the Palawan sea. When that happens, then eventually our fear of China controlling the energy sector will be true.

I did this thread because the Malampaya issue should be a national concern. We have to make it a topic in the mainstream media 

Paingayin natin ang usapin na to -- ikwento sa mga magulang, sa kaibigan, sa kapitbahay. 

Do all that you can to hold the people involved accountable.

Elections are just around the corner. We still have the chance to stop this if we choose the people who are against the Duterte admin and will ensure that this contract will be voided.

Be vigilant. Let's start questioning the presidential candidates and other senator-aspirants on where they stand in this Malampaya issue.

#HandsoffMalampayaDenisUy 

#AtinAngMalampaya  

#CusiResign