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Bong Revilla closed 20 bank accounts after ‘pork’ scandal broke – AMLC
By PATRICIA DENISE CHIU, GMA News
(Updated 8:22 a.m. Oct. 10) Sen. Ramon Bong Revilla Jr. closed some 20 bank accounts containing millions of pesos shortly after the pork barrel scam issue hit the headlines last year, a representative of the Anti-Money Laundering Council (AMLC) told the Sandiganbayan First Division Thursday.
“Revilla terminated his investments and bank accounts immediately before and after the PDAF (Priority Development Assistance Fund) scandal circulated in the media,” said AMLC bank investigator Leigh Vhon Santos, presenting a 63-page report on the findings of their investigation on Revilla's bank assets during the senator's bail hearing.
“We identified around 20 bank accounts and investments which were terminated in June to September 2013, which was around the time the scandal spread in the media,” he added.
Revilla, who is facing graft and plunder charges in connection with the alleged scam, is accused of siphoning off millions in his PDAF allocations and channelling these to bogus non-government organizations owned by alleged scam mastermind Janet Lim-Napoles.
Also in his testimony on Thrusday, Santos, citing the AMLC report, provided evidence that Revilla may have engineered a money laundering scheme using funds taken from his PDAF or pork barrel.
“Considering the foregoing, there are indications of money laundering scheme,” the AMLC report said.
"Between April 6, 2006 to April 28, 2010, Revilla and his immediate family made numerous deposits to their various bank accounts and placed investments totaling P87,626,587.63 within 30 days from the dates mentioned in Benhur Luy's ledger when Revilla, through lawyer Richard Cambe, senior staff of the detained senator, allegedly received commissions of rebates to his PDAF in cash," Santos said.
However, the AMLC stopped short of confirming that a scheme exists, instead saying that Revilla’s assets need to be investigated further.
“There is, however, a need to conduct further investigation to determine the extent of the subjects’ participation and identify the other monetary instruments that were possibly involved in the laundering scheme,” it said. —KBK/LBG, GMA News
“Revilla terminated his investments and bank accounts immediately before and after the PDAF (Priority Development Assistance Fund) scandal circulated in the media,” said AMLC bank investigator Leigh Vhon Santos, presenting a 63-page report on the findings of their investigation on Revilla's bank assets during the senator's bail hearing.
“We identified around 20 bank accounts and investments which were terminated in June to September 2013, which was around the time the scandal spread in the media,” he added.
Revilla, who is facing graft and plunder charges in connection with the alleged scam, is accused of siphoning off millions in his PDAF allocations and channelling these to bogus non-government organizations owned by alleged scam mastermind Janet Lim-Napoles.
Also in his testimony on Thrusday, Santos, citing the AMLC report, provided evidence that Revilla may have engineered a money laundering scheme using funds taken from his PDAF or pork barrel.
“Considering the foregoing, there are indications of money laundering scheme,” the AMLC report said.
"Between April 6, 2006 to April 28, 2010, Revilla and his immediate family made numerous deposits to their various bank accounts and placed investments totaling P87,626,587.63 within 30 days from the dates mentioned in Benhur Luy's ledger when Revilla, through lawyer Richard Cambe, senior staff of the detained senator, allegedly received commissions of rebates to his PDAF in cash," Santos said.
However, the AMLC stopped short of confirming that a scheme exists, instead saying that Revilla’s assets need to be investigated further.
“There is, however, a need to conduct further investigation to determine the extent of the subjects’ participation and identify the other monetary instruments that were possibly involved in the laundering scheme,” it said. —KBK/LBG, GMA News
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