On Target
Cabinet member awash in cash
By Ramon Tulfo
Philippine Daily Inquirer
First Posted 00:42:00 02/28/2009
Filed Under:
Local authorities
A Cabinet member recently bought a yacht for P20 million and a Porsche Cayenne.
The Porsche Cayenne, a luxury sports utility vehicle, costs more than P5 million.
But since the car is slightly used, secondhand, this Cabinet secretary bought it for P4 million.
And – take note of this, dear readers – he didn’t buy the yacht with checks or on installment basis, but in cold cash.
Of course, so as not to leave any tracks, the Cabinet secretary had the yacht and the car registered in his younger brother’s name.
This Cabinet member must be awash in cash.
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Some members of the Manila Yacht Club, to which this Cabinet secretary belongs, expressed surprise why he had to buy another yacht when he already has one.
The old yacht became notorious for
*** orgies the Cabinet secretary held with his friends in the past at the Manila Bay.
One wonders what he’ll use the new yacht for.
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