ARROYO BOYS PLAN TO TAKE OVER BIG FIRMS

Mike Baños

Mindanao Gold Star Daily

 

Former Senate President Ernesto Maceda on Thursday alleged that a group of influential businessmen allied with the present administration is now implementing a “master plan” to take over big businesses when President Arroyo steps down in 2010.  “We became aware of the master plan to takey over huge businesses and they are now implementing it against Meralco and Petron, among others.”  Maceda told a news conference.  He said it was the businessmen’s retirement plan.’

 

Asked about the motive of the alleged group to take over the big businesses, Maceda replied: “Money.  These businesses earn big money and these people are preparing for the time when they no longer have influence in Malacanang and they can retire in luxury.  Lending credence to Maceda’s allegation are recent moves against huge businesses like Meralco and Petron.