{"id":28433,"date":"2014-10-10T12:45:34","date_gmt":"2014-10-10T04:45:34","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=28433"},"modified":"2014-10-10T12:45:34","modified_gmt":"2014-10-10T04:45:34","slug":"anti-money-laundering-group-says-revilla-shut-20-bank-accounts-when-pork-scandal-hit","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/10\/10\/anti-money-laundering-group-says-revilla-shut-20-bank-accounts-when-pork-scandal-hit\/","title":{"rendered":"Anti-money laundering group says: Revilla shut 20 bank accounts when \u2018pork\u2019 scandal hit"},"content":{"rendered":"
\"Sen.<\/a>
Sen. Ramon ‘Bong’ Revilla Jr.<\/figcaption><\/figure>\n

An investigator with the Anti-Money Laundering Council (AMLC) testified before the Sandiganbayan that Sen. Ramon Bong Revilla Jr. closed 20 bank accounts – each containing sums in the millions – in the months directly preceding and succeeding the media explosion of the pork barrel scam.<\/p>\n

Speaking before the anti-graft court on Thursday, AMLC bank investigator Leigh Vhon Santos said: \u201cRevilla terminated his investments and bank accounts immediately before and after the PDAF (Priority Development Assistance Fund) scandal circulated in the media.\u201d<\/p>\n

Santos brought forth a 63-page investigative report disclosing the council\u2019s findings of Revilla\u2019s banking affairs, adding that they had \u201cidentified 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.\u201d<\/p>\n

Revilla is currently detained for charges of graft and plunder relative to the P10-billion pork barrel scam. The senator allegedly diverted millions of pesos from his PDAF or pork barrel allotment into phony non-government corporations set-up by purported pork scam mastermind, Janet Lim-Napoles.<\/p>\n

But the senator\u2019s fraudulent activity may extend even beyond that, as Santos\u2019 testimony revealed.<\/p>\n

Santos disclosed that the AMLC report uncovered evidence that Revilla may have concocted a scheme for laundering money using funds from his pork barrel.<\/p>\n

\u201cConsidering the foregoing, there are indications of money laundering scheme,\u201d the AMLC report said; as Santos detailed that: “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.”<\/p>\n

At this point, however, the AMLC said that the evidence is still inconclusive, and that further investigations need to be done in order to confirm the existence of the money laundering scheme.<\/p>\n

\u201cThere is, however, a need to conduct further investigation to determine the extent of the subjects\u2019 participation and identify the other monetary instruments that were possibly involved in the laundering scheme,\u201d the AMLC report stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

An investigator with the Anti-Money Laundering Council (AMLC) testified before the Sandiganbayan that Sen. Ramon Bong Revilla Jr. closed 20 …<\/p>\n","protected":false},"author":44,"featured_media":767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,95],"tags":[8162,3673,3810,8161,1157,8163],"class_list":["post-28433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news-ph","tag-bank-accounts","tag-corruption","tag-graft","tag-money-laundering","tag-pork-barrel","tag-sen-bong-revilla","mauthors-angie-duarte","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/28433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=28433"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/28433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/767"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=28433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=28433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=28433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}