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Updates on Danvil Plans and Other Pre-need Firms from March to May 2009
March 13-19
At the Senate hearing on pre-need firms, former Legacy executive Carolina Hinola accused SEC Commissioner Jesus Enrique Martinez of covering up Legacy’s financial problems after accepting gifts from Legacy, including a 5-million-peso house and lot and a 1.5-million Ford Expedition from Legacy head Celso de Los Angeles.
Insiders also claimed that Martinez tried to broker the sale of Danvil Plans to the Legacy Group. The sale did not push through after Danvil Plans backed out of the deal allegedly upon the advice of other top pre-need executives.
(Martinez died on May 6 due to colon cancer complications.)
Akala Ko Naghihirap ang Pre-Need Industry
I thought the pre-need industry is struggling. Hindi naman yata masyado. Nagulat ako noong nakita ko sa website ng PhilHealth na nag-donate ang PFPPCI (the Philippine pre-need association) ng 100,800 pesos sa PhilHealth to help 168 low-income families from various places in the country get PhilHealth coverage. Noong February 4, 2009 ito.
Pero, come to think of it, baka indication rin ng paghihirap nila yong amount ng check. Bakit 100,800 pesos lang?
Anyway, kahit naman yata tayo, kahit naghihirap tayo, nagbibigay pa rin tayo kahit konti kung may nanghihinging nangangailangan talaga?
20 pre-need firms ang na-mention doon, including Danvil Plans.
