PPI V Ferthipil

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Appellant next claims that the collections under LOI 1465 was for the benefit of Planters Foundation,

Incorporated (PFI), a foundation created by law to hold in trust for millions of farmers, the stock
ownership of PFI on the strength of Letter of Undertaking (LOU) issued by then Prime Minister Cesar
Virata on April 18, 1985 and affirmed by the Secretary of Justice in an Opinion dated October 12,
1987, to wit:

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