Philippine Communications Satellite Corporation
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Alleged depletion of Philcomsat and POTC resources during sequestration
A Philippine Senate investigation examined allegations that government-appointed boards and managers had mismanaged or dissipated assets of Philcomsat and POTC after the companies were sequestered.
1982
Ownership transfer and alleged crony-capitalism connections
The sale of the government’s interest in Philcomsat to POTC, together with reported indirect interests linked to Ferdinand Marcos and the appointment of Ferdinand Marcos Jr. as board chairman, became part of wider criticism of politically connected ownership during the Marcos administration.