‘Big 3’ ordered to open accounts for audit

MANILA — A regional trial court has ordered three major oil industry players in the country to open up their book of accounts for audit by government agencies for alleged monopoly.

In an order, Judge Silvino Pampilo of the Manila Regional Trial Court (RTC) Branch 26 granted the petition of a party-list group Social Justice System (SJS) seeking to compel the so-called “Big Three” –- Petron, Shell and Chevron — to open up their books to be examined by the Commission on Audit (COA), the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC).

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