Criminal complaint over Malampaya buyout
Criminal complaint over Malampaya buyout
October 19, 2021
By Aika Rey
MANILA–The complainants claim Energy Secretary Alfonso Cusi and other officials ‘conspired’ to give Dennis Uy undue advantage in the buyout of a Chevron subsidiary which held a 45% stake in the Malampaya gas-to-power project
Concerned citizens filed a criminal complaint against Energy Secretary Alfonso Cusi, businessman Dennis Uy, and several others over Uy’s acquisition of a Chevron subsidiary with a 45% stake in the Malampaya gas field.
In a 42-page complaint, the complainants alleged that Cusi and other energy officials “conspired to give unwarranted benefits and advantage to Uy’s Udenna Corporation and its subsidiary, UC Malampaya” for the buyout, which was called a midnight deal by the Senate energy committee.
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