GOING AFTER ROMUALDEZ. Former Ambassador Benjamin Trinidad “Kokoy” Romualdez” owned Palm Avenue Holdings Co. Inc. and Palm Avenue Realty and Development Corp. He was also identified as a crony – a much abused word during the administration of the late President Corazon Cojuangco-Aquino – of former President Ferdinand Marcos” and “the beneficial owner of the Benguet Corp. shares in the Palm Companies’ name,” according to the Supreme Court.
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