Php87 million deposits found

The Philippine justice is now catching up with the accused plunderer Senator Bong Revilla, with a forensic investigation into the senator and his family’s bank transactions from the year 2006 to 2010 indicating that they have received kickbacks from pork barrel funds that was channeled thorugh bogus foundations controlled by Napoles as to what Benhur Luy the whistle-blower exposed.

AMLC (Anti-Money Laundering Council) report on the senator’s bank transactions involving PDAF (Priority Development Assistance Fund) showed discrepancies in his official cash declarations that could clearly indicate “concealment of unexplained wealth.


The Php87.626 million deposits made in its personal accounts of the Senator Revilla, with his wife Cavite Representative Lani Mercado, and his children, and also some of his siblings tended to confirm receipt of the said kickbacks and more than Php40 million in suspicious funds poured into dummy corporation, Nature Concepts Development and Realty Corporation controlled by the senator’s wife.


AMLC said that the deposits and the withdrawals from the said bank accounts of five foundations corresponded with names. The amounts and dates entries made by Benhur Luy, Napoles’ finance officer, in his ledger to Napoles’ disbursements, which is one of the many evidences in the said Php10—billion scam case.

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