Mighty Corporation stays Mighty amid Smuggling Allegations

A minor player and Solely Filipino owned and controlled company in the cigarette and tobacco industry was blown with numerous allegations causing an immediate investigation headed by the Bureau of Internal Revenue (BIR) in 2013. 

Mighty Corporation stays Mighty amid Smuggling Allegations

Finance Secretary Cesar Purisima reportedly issued crucial guidelines and deadline of the probe against Mighty Corporation.

Amid the act done by the agency, other non-government sector especially the journalists from a popular local news broadsheet had blown out into proportion the alleged delay of BIR's probe report and they pressed BIR officials to provide detailed explanation of it.

One particular writer of a popular local broadsheet newspaper even said,

"...it seems that our darling Mighty belonged to the high-end customers of our beloved officials in the BIR and the BOC..."

The author was way into pinning down both BIR officials and Mighty Corp executives for a series of anomalous transactions. Example, the journalist emphasized on importation activities of MC and said,

"...our darling Mighty supposedly undervalued its importation of tobacco leaf and acetate tow, which was the main raw material for the production of cigarette filters."

The journalist did not stop there and continued its allegations like Mighty Corporation must be operating at huge losses due to its low-priced cigarettes in the market. The same author also noted the reason why MC is still around because of not paying the proper taxes.

Meanwhile, the WongChuKing Family, Owner of Mighty Corporation had opened the doors of the company to investigators. They allowed them to examine and scrutinize every detail of their books.

“I don't know what the fuss is all about” said one of the Family member and Mighty Corporation executive in relation to the allegations.