Philippines files charges against Oillink executives

The Philippine government charged three executives of local company Oillink International of defrauding the Philippine government of Php700 million (US$1.59 million) in unpaid taxes. Those charged included Paul Chi Ting Co, chairman and owner; Esther Magleo, president; and Janice Co Reyes, importation and finance manager. Also included in the charge sheet were several unidentified persons, among them employees of the Bureau of Customs (BOC). According to documents from shipping company Malteses Motorship Highland, Oillink imported 29,454.375 metric tons of diesel fuel in 2004, which arrived on July 21 at Oillink’s terminal in Mariveles, Bataan. However, Oillink paid duties and taxes for only 23,596.644 metric tons, according to the Bureau of Customs. (September 17, 2010)