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NewsTranscript
00:00when you're ready
00:03attorney del rosario
00:04nina nabanggit na naman po
00:06nabalik sa diskusyon
00:08itong gencorp
00:10industries incorporated
00:12nabanggit ho na hindi malinaw
00:14kung anong interest ni
00:15vp sara sa kumpanyang ito
00:18ito po ba dahil confidential
00:20yung information
00:22objection your honor
00:24misleading
00:26um
00:28if he knows
00:30attorney del rosario
00:31if you know
00:33well wala po kasing pangalan si
00:35i-check lang po yung notes ko
00:37hindi do sa attorney del rosario
00:45sa gencorp industries incorporated po
00:48wala po kasing pangalan
00:49si vp sara duterte
00:53from incorporation
00:54up to the filing of js
00:57yun po ang nakalagay sa aking summary
01:01that's the witness's answer
01:02attorney ervin
01:03thank you your honor
01:04and then pinakita po sa inyo kanina
01:06yung section 62
01:08tungkol sa
01:11pagdeclare
01:12kung ano yung dapat isama
01:13ng isang government official
01:17about i believe
01:18may we ask the defense to
01:21flash the section again
01:23we can your honor
01:25thank you
01:25thank you for your accommodation
01:28attorney justin
01:29may we just request the tech book
01:30to flash it your
01:31can the tech please flash
01:33section 62 of the omnibus rules
01:49there you go
01:50attorney erin
01:51there's a subparagraph
01:54that was flashed earlier
01:55i think it's on this slide
01:57if i could help the prosecution
01:58on conflict of interest
02:00um
02:01attorney erin
02:02uh
02:04they showed this
02:06and another one
02:06yes yeah
02:07yes this is the
02:09uh correct uh
02:11okay
02:11slide erin
02:12thank you
02:13so nakalagay po dyan
02:15na
02:17obligasyon ng government official
02:18na ilagay kung ano yung nature
02:20ng kanyang business interest
02:22or financial connection
02:23sa kumpanya
02:23objection misleading your honor
02:25that doesn't appear
02:26in the provision
02:27there is no
02:28there is no requirement
02:29to declare the nature
02:30of the business your honor
02:31that's that's definite
02:32that's the definition
02:33of what a nature
02:34of business interest
02:35or financial connection is
02:36it merely defines um
02:38counsel
02:39um go to your question
02:41i think i know
02:41where you're getting at
02:42attorney erin
02:45so tama po ba
02:46na ang uh
02:47nature ng business
02:49uh interest
02:50or financial connection
02:51ay uh
02:52as stated here
02:53kung ano man pong
02:54iba pang ginawa niya
02:55so hindi lang yung
02:56pagiging shareholder
02:58ang kasama
02:59sa nature of
03:00business interest
03:01or financial connection
03:02tama po ba
03:03may we ask that
03:05the prosecutor
03:06specifically refer
03:07to the particular portion
03:08of the provision
03:09being asked
03:10um based on
03:12a lot of share
03:13based on this provision
03:14um attorney del rosario
03:16can you answer the
03:17uh question
03:18of attorney
03:19orin
03:25kindly zoom it in
03:27may we request
03:28the tech
03:29to zoom it in
03:29please
03:35aling
03:44aling
03:45ang katanungan po yata
03:47ay base po sa provision
03:48ito
03:49um
03:50ang definition
03:51ng interest
03:52ay hindi lamang
03:53bilang shareholder
03:54posibleng may ibang kapasidad pa
03:56na nakabilang
03:57sa nakalista po dito
04:01whether as proprietor
04:03investor
04:04promoter
04:05partner
04:05shareholder
04:06po
04:06okay
04:07turn your hand
04:10so napakarami po
04:12ano na maaring
04:12maging
04:13nature
04:13kung ano man
04:14yung business
04:15interest
04:15ng isang
04:18tao
04:18in connection
04:20with a
04:20corporation
04:21tama po ba yan
04:22tama po
04:24so kung sakaling
04:26nakalagay po kasi dito
04:27creditor
04:28so kung nagpa-utang
04:29yung
04:31government
04:31official
04:33kailangan
04:34niyang
04:34i-deklara
04:36o po
04:37kung pag-aari
04:38po niya
04:38pera niya yan
04:40so part 2
04:41siya
04:41ng business
04:41interest
04:42and pating
04:43nga po
04:43kung siya
04:44ay
04:46nagsusupply
04:47ng services
04:48katulad
04:48ng business
04:49consultancy
04:51or kung
04:53abugada siya
04:53at nagsusupply
04:54siya
04:54ng legal
04:55services
04:55sa kumpanya
04:57ayon dito
04:58sa section
04:5962
04:59ayon po
05:00dito
05:01okay
05:02salamat
05:09ngayon
05:10balikan natin
05:11yung mga
05:11filing
05:12sa
05:14SEC
05:14na nabanggit
05:15kanina
05:16unahin po
05:17natin
05:17yung mga
05:17general
05:18information
05:18sheets
05:20napansin ko
05:21kasi
05:21na yung
05:21mga
05:22exhibits
05:22yung mga
05:23general
05:23information
05:24sheets
05:24ay
05:25notaryado
05:27tama po
05:28ano po
05:29ibig sabihin
05:30kung yung
05:31isang
05:31dokumento
05:32ay
05:32notaryado
05:35ibig sabihin
05:36po
05:36na pinununumpaan
05:37niya
05:38ang bawat
05:38informasyon
05:39sa
05:41ayon sa
05:42kanyang
05:42paniniwala
05:43at
05:44nalalaman
05:46at
05:47in other
05:48words
05:49kailangan
05:49totoo
05:49yung
05:50dapat
05:50nasa
05:51GIS
05:52dapat po
05:53ano
05:54ang
05:55consequence
05:55kung hindi
05:56man
05:56naging
05:57totoo
05:57yung
05:57mga
05:58nakalagay
05:58sa
05:59general
05:59information
06:00sheet
06:17objection
06:22your
06:22apologies
06:23again
06:23with all due
06:25respect to the
06:25good counsel
06:26for the
06:26prosecutor
06:27he's once again
06:28interjecting
06:28conclusions
06:30so
06:31itong
06:31general
06:32information
06:33sheet
06:33napanggit
06:34nyo
06:34na
06:34ito
06:34ay
06:35si
06:35home
06:35kumipirma
06:36sa
06:36GIS
06:38ang
06:38corporate
06:39secretary
06:39po
06:40ang
06:40corporate
06:40secretary
06:41at
06:42sino
06:42po
06:42ang
06:42naga
06:43appoint
06:43ng
06:43corporate
06:43secretary
06:45ang
06:46board
06:46of
06:46directors
06:46po
06:47ang
06:47board
06:47of
06:48directors
06:48to
06:48wing
06:48kailan
06:49po
06:49in
06:49appoint
06:49an
06:49corporate
06:50secretary
06:52during
06:52the
06:53annual
06:53meeting
06:53po
06:55anytime
06:56po
06:56ba
06:56pwedeng
06:57palitan
06:57an
06:57corporate
06:57secretary
06:58ng
06:58board
06:58since
06:59sila
06:59naman
06:59nag-appoint
07:00pag
07:01po
07:01gusto
07:01ng
07:01board
07:02maaari
07:02po
07:02nilang
07:02gawin
07:03yan
07:03pwedeng
07:03palitan
07:04ano
07:04po
07:04yung
07:05mga
07:05instances
07:05na
07:05pwedeng
07:06mapalitan
07:06yung
07:06corporate
07:07secretary
07:07siguro
07:08po
07:08isang
07:09loss
07:09of
07:09confidence
07:10ayaw
07:10dila
07:10yung
07:12the way
07:14nag-report
07:15yung
07:16compliance
07:17ng
07:17kumpanya
07:18hindi
07:18nasasab
07:19mga
07:19ibang
07:20paraan
07:20kung bakit
07:21mapalitan
07:21siya
07:23tignan
07:23nga
07:23po
07:24natin
07:24yung
07:24general
07:24information
07:25sheets
07:25ng
07:26metro
07:26city
07:26chow
07:26foods
07:27corporation
07:33for the record
07:34we are
07:34showing to the
07:35witness
07:35copies
07:36of the
07:36GIS
07:37of
07:37metro
07:37city
07:38chow
07:38foods
07:38corporation
07:39standing
07:40authority
07:40for
07:41assisting
07:41councils
07:41the
07:42approach
07:42has
07:42been
07:42given
07:43by
07:43the
07:43presiding
07:43officer
07:45pakisabi
07:46po
07:46kung
07:46sino
07:46ang
07:46corporate
07:47secretary
07:47ng
07:48kumpanyang
07:48yan
07:51base
07:52sa
07:52unang
07:53GIS
07:54sa
07:55GIS
07:55po
07:56ng
07:56metro
07:56city
07:56chow
07:57food
07:57corporation
07:57as
07:58of
07:59period
07:59covered
08:00is
08:00June
08:005
08:002018
08:05ang
08:06nakapangalan
08:07bilang
08:07corporate
08:08secretary
08:08po
08:08ay
08:09girly
08:09s
08:09de la
08:10cruz
08:11girly
08:12s
08:12de la
08:15cruz
08:16ok
08:16check
08:16nga
08:17po
08:19yung
08:20mga
08:20sumusunod
08:20na
08:21general
08:21information
08:22sheets
08:22kung
08:23siya
08:23pa
08:23rin
08:23po
08:23ba
08:23yung
08:24nakalagay
08:24diyan
08:24corporate
08:25secretary
08:26may
08:276
08:272019
08:29metro
08:29city
08:30chow
08:30food
08:30corporation
08:31js
08:33sa
08:33page
08:3411
08:35meron
08:36pong
08:36girly
08:36s
08:37de la
08:37cruz
08:37so
08:39corporate
08:39secretary
08:40of
08:40petro
08:40city
08:41chow
08:41food
08:41corporation
08:43pakitignan
08:44nalang
08:44lahat
08:44lahat
08:45na
08:45pakicheck
08:46kung
08:46siya
08:47ba
08:48sa
08:48lahat
08:49ng
08:49mga
08:49general
08:50information
08:50sheets
08:51para
08:51sa
08:51mga
08:51taong
08:522018
08:53hanggang
08:542025
08:54p
08:54p
08:55p
08:55p
08:55p
08:56p
10:09I think we have a corporate secretary, but he is an incorporator or stockholder.
10:20Then, based on the summary on the table pertaining to incorporators, stockholders.
10:36Meron po kayong summary na by name.
10:48Pahanap po yung pangalan ni Gurley S. De La Cruz sa inyong incorporators declared in the EUI by incorporator.
10:55And I think this is on page 7.
11:052026.
11:09Ando na po ba kayo?
11:10Sa page 7 of 2026?
11:13Sa pangalan ng Gurley S. De La Cruz.
11:15So, based po dyan, incorporator po siya para sa mga aling kumpanya.
11:22Well, ayon po dito, si Gurley S. De La Cruz ay incorporator ng Dabao New Royal Taipan Foods Corporation, Gencorp
11:32Industries, JTC Group of Companies Philippines, Metro City Chow Food Corporation, at Times Square B Food Corporation.
11:43Okay, so incorporator din po siya sa limang kumpanya sa limang kumpanya na banggit niyo.
11:58To clarify, ito yung Ender Losario, limang kumpanya na po.
12:01Metro City Chow, Gencorp, Times Square, B Foods, Dabao New Royal, and JTC.
12:09Tama po.
12:10Dabao New Royal, Gencorp, JTC Group of Companies, Metro City Chow, at Times Square B.
12:16Dun lang po siya sa shareholder...
12:18Incorporator po.
12:20Incorporator.
12:21Incorporator na po.
12:23Opo.
12:30Proceed, Council.
12:32Yes, yan.
12:34Ngayon, pinag-usapan din ang Articles of Incorporation.
12:39Ah, sorry, ang Audited Financial Statements kanina, no, nabring up po.
12:44Ano po ba ang ibig sabihin kung ang Financial Statements ay audited?
12:50Asking for opinion, Your Honor.
12:53If he knows, Council, he receives the submissions.
12:57He should know what it means.
12:59Well, ang Audited Financial Statement po ay yung structured data about financial condition
13:04ng isang korporasyon kung saan na ito ay sinuri pa ng isang external auditor.
13:11Malaman ko ang mga accounting standards ay nasunod.
13:15Kanina po galing yung financial information na nakalagay sa Audited FS?
13:19Nang galing po sa kumpanya.
13:21And then, ano po ang gagawin ng external auditor?
13:24Well, iba-validate po niya kung ang mga information ay sinacordance with the prescribed accounting standards.
13:31Okay.
13:33Punta nga tayo sa isang example ng audited financial statements.
13:44Okay.
13:59And particularly, Your Honor, we would like to show exhibit P-Roman numeral 2-2-6-2-H,
14:12which is the Audited Financial Statements for the year 2024.
14:27For Metro City Chow Foods Corporation.
14:29For Metro City Chow Foods Corporation.
14:29Punta nga tayo sa isang example.
15:00Puntahan nga tayo sa page 4 ng audited financial statements.
15:18Okay.
15:19Okay.
15:20Andun na po ba kayo sa page 4?
15:22Nandun na po.
15:24Ano yung title ng document na lumalabas dyan sa page 4?
15:28Ito po yung statement of management responsibility for financial statements.
15:33Pwede ba natin basahin yung first paragraph ng statement na yan?
15:41Ayun po dito, sa SMR ng Metro City Chow Foods Corporation,
15:47the management of Metro City Chow Foods Corporation is responsible for the preparation and fair representation of the financial statement
15:56for the years ended December 31, 2024, and 2023.
16:01In accordance with the prescribed financial reporting framework indicated therein, and for such internal control as management determined is necessary
16:11to enable the preparation of financial statements that are free from material statement, whether due to fraud or error.
16:20Sige po.
16:21Punta po tayo sa pangatlo na paragraph.
16:26Ano pong sinasabi sa linyang yan?
16:28The Board of Directors is responsible for overseeing the company's financial reporting process.
16:35How about yung susunod po na linya? Pakibasa po.
16:39The Board of Directors review and approve the financial statements and submit the same to the stockholders.
16:46To the what po?
16:48Stockholders po.
16:49Stockholders.
16:51Napansin ko po na notariyado itong statement of management responsibility.
16:57Tama po ba?
16:59O, may notaryo po.
17:00Ha? So, sworn statement din po ito kung ganon.
17:05Opo. Yung po ang nakalagay.
17:07So, ano po ba itong statement of management responsibility? At bakit po ito kailangan?
17:13Isa po ito sa mga requirement para tanggapin namin ang financial statement ng isang kumpanya.
17:21Kasama nga narin po rito, yung unang binanggit kahapon about the stamp receiving ng BAR, ito po yung pangalawa na
17:29tinitingin namin na dapat maging parte ng financial statement.
17:34Ang nagsasabi na ang accountability ito ay ang Board of Directors.
17:39Ano po ulit? Ang accountability ay?
17:42Ay ang Board of Directors po.
17:43So, sila po ang accountable base dito.
17:46Opo. Base rin po siya nakasulat dito.
17:48Okay.
17:49Ngayon, puntahan natin yung notes dyan sa financial statements na iyan.
18:00Ah.
18:02Okay.
18:05Punta tayo sa page 13.
18:08Okay.
18:23Page 13, nandun po ba kayo, note 1, corporate information?
18:29Opo.
18:32Ayan.
18:33Pwede ba na ating basahin yung second paragraph ng note 1 na iyan?
18:42Ayon po sa second paragraph nito,
18:46the accompanying financial statements of the company
18:49as at and for the day, years 2024 and 2023
18:53were approved and authorized by its Board of Directors on March 31, 2025.
19:03Ano po ang ibig sabihin na iyan?
19:05Ibig sabihin lang po nito ay
19:08in financial statement neto ay inaprobahan at inauthorized ng Board of Directors
19:13sa petyang March 31, 2025.
19:20At ano po ang
19:22interest o ulit o rol ni VP Sara
19:25sa Metro City Chao Foods Corporation?
19:29Objection, Your Honor.
19:31Ask and answer.
19:33You're not, this is my first sign.
19:34I'd already answer that he has no personal knowledge.
19:38No, Metro Chao.
19:39Based on the documents submitted.
19:41Yes, sir.
19:41Submit, Your Honor.
19:43Witness, may answer.
19:45Ayon po sa general information sheet ng
19:49Metro City Chao Foods Corporation
19:51from 2018 to 2025
19:53nag-after po na
19:55si VP Sara Duterte po ay
19:58member of the Board of Directors
20:00at is stockholder ng nasabing kumpanya.
20:08At a base po sa section 22
20:11ng Revised Corporation Code,
20:13ano pong sinasabi ng section na to
20:14tungkol sa Board of Directors?
20:18Well, so ang Board of Directors po ang
20:22siya po ang
20:29section 22 po is about
20:32Maari ko ba kayong bigyan ng kopya
20:34ng Revised Corporation Code
20:36section 2020
20:37para mabasa niyo ang section 22
20:40to exercise corporate powers
20:44yung po, siguro yan.
20:53First paragraph lang hao.
20:58For the record,
20:59assisting counsel is showing
21:01Attorney De Losario a copy
21:03of the Revised Corporation Code,
21:05RCC for brevity.
21:13Section 22 of RCC,
21:16the Board of Directors
21:17or Trustee of a Corporation
21:19qualification and term.
21:22Unless otherwise provided is code,
21:24the Board of Directors or Trustee
21:26shall exercise the corporate powers,
21:28conduct all business,
21:29and control all properties
21:30of the corporation.
21:59So,
22:01may control
22:02ang Board
22:03sa properties
22:03na po ba?
22:04Opo.
22:13Meron po ba kayong
22:15natanggap?
22:15Tinatanong po kanina
22:17na itong mga
22:18GIS
22:19or AFS
22:20ay mga filings
22:22galing sa
22:22corporate
22:22corp.
22:23Terima kasih.
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