P3 billion withdrawn, sold, transferred, encashed after start of Senate hearings in August 2014: AMLC probe
MANILA - A man allegedly used by Vice-President Jejomar Binay as his front for supposed hidden financial deals transferred P2 billion in a single day in September 2010, according to the Anti-Money Laundering Council (AMLC).
Documents submitted by the AMLC to the Court of Appeals reveal that Binay had several joint accounts with Gerardo Limlingan, who was identified by former Makati Vice-Mayor Ernesto Mercado as Binay's alleged dummy.
The AMLC said the joint accounts transferred dollar funds from a local bank to several banks in Canada from 2013 to 2014 in the amount of US $43,000, $35,000, and $45,000.
In a separate account belonging to Limlingan, the AMLC noted bank transfers were also made to a Canadian bank amounting to $20,000, $73,000, and $51,000.
In either joint or individual accounts of Binay and Limlingan, the AMLC monitored transactions of $330,000, $250,000, and $317,000 -- and deposits and withdrawals that amount to more than P3.5 billion from 2008 to 2014.
Court records show that Limlingan reported his income of P30,000 in 2011 and 2012, but the AMLC's report on his bank deposits and investments show billions of pesos worth of transactions.
These include a P2-billion transaction in just one day in September 2010.
There were also two separate entries of P500 million each for a trust fund several months later.
Limlingan also had a joint account with Eduviges Baloloy, another alleged Binay dummy and an employee of Makati City Hall.
Records show Limlingan and Baloloy's accounts had about P1.8 billion deposits and investments in several financial institutions.
But the AMLC said, when the Senate started investigating the Makati Parking Building 2, Limlingan, Baloloy and other alleged dummies began to withdraw huge amounts of cash and sell invested funds and securities.
More than P3 billion worth of deposits and investments were allegedly either withdrawn, encashed or sold starting August 2014 by Limlingan and Baloloy alone.
BINAY: AMLC JUST GUESSING
Binay, however, accused the AMLC of lying.
"Hindi lang pala sa Senado may gumagawa ng kwento at manghuhula. Sa AMLC din," he said in a press statement Thursday. "Malinaw sa paglalabas ng report ng AMLC na handa ang mga kalaban ko na labagin ang batas para lang siraan ako."
Binay said he only has 5 accounts, contrary to the AMLC report.
The CA has ordered the freezing of 242 bank accounts, investments, and insurance policies of the vice-president, his wife Elenita Binay, Makati Mayor Junjun Binay, and others linked to their family.
The 38-page court order was dated May 11, 2015 and granted the AMLC's petition.
Binay, however, said his finances are legal, based on taxes paid, and even campaign contributions.
He described AMLC investigators as fiction writers.
"At 'yong mga accounts na sarado na, isinama pa nila," he said. "'Yong mga 237 accounts at transactions ng ibang tao, pinalalabas nila na sa akin. 'Yan po ay hindi totoo at gawa-gawa lang."
Binay claimed that the AMLC report's release is part of an alleged conspiracy against him because he wants to run for President next year.
He also warned that the AMLC report is confidential in nature and that leaking it to the media is a violation of the law.
"Bawal sa batas ilabas ang report ng AMLC dahil ito ay one-sided. Sabi lang 'yan ng AMLC. Wala pa diyan ang sagot namin. At sasabihin ko sa inyo na mali ang AMLC," he said.
But Justice Secretary Leila de Lima said otherwise.
"Just like any other imbued with public interest, I think media has the right to report those developments in a case. Wala naman akong alam na nag-issue ng gag order for example ang Court of Appeals on that," de Lima said. - with ANC