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While the money sat in a Philippine government account in Switzerland, successive administration debated what to do with the funds. By 1998 the funds had grown to $570 million with interest, and were transferred to an escrow account in Philippine National Bank. In July 2003, the Supreme Court of the Philippines ruled with finality that the ...
Rabusa concluded that Garcia should have given it to Villanueva. Rabusa, who had kept copies of the Security Bank receipts, did so before the Anti-Money Laundering Act was put into force. Rabusa also included all AFP chiefs of staff, from his appointment as budget officer from 2000 until he left office as recipients of the alleged send-off money.
The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
The Anti-Money Laundering Council (AMLC), with the National Bureau of Investigation and Presidential Anti-Organized Crime Commission, jointly filed multiple counts of money laundering against Guo an
The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.
Both were entrapped of bribery with the use of five P 1,000 marked bills and P 6 million boodle money. “In addition to the money, a copy of the order bearing the judge’s signature on the civil case was also confiscated,” the SC confirmed. [23] [24]
Date Branch Department Party People Involved Summary Source 1946 Executive: Office of the President: Liberal: Manuel Roxas: Surplus War Property scandal- disposed $90 billion of surplus war property held by the United States government in the final year of World War II, which caused a huge corruption scandal that led to the rise of the leftist HUKBALAHAP and for Roxas's approval ratings to ...
Manila Bulletin Technews also reported that funds worth ₱5 million transferred to one Unionbank account were used to buy Bitcoin on December 11. [1] There are also accounts of victims saying that perpetrators used other platforms such as GCash and the Bank of the Philippine Islands (BPI) instead of Unionbank. [5]