Catholic Church opposes Prospero Pichay as PICOP receiver

THE PICOP REHABILITATION ANOMALY (Part One of Five) Picop officials rapped for filching company equipment By ROGER M. BALANZA Picop Resources Inc. (PRI) officials in Bislig City in Surigao del Sur are taking advantage of a pending rehabilitation program by filching company equipment for lack of a receiver named by the court. Catholic Church militant officials, appalled by the thievery in the company reeling from billions of pesos in debts, has called on the court to appoint the receiver at the soonest as they accused officials of the former biggest paper company in Asia of looting company equipment. P7-billion debt … Continue reading Catholic Church opposes Prospero Pichay as PICOP receiver

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