Ping wants AMLC to probe 2 HK-based ‘dummy’ firms By Angie M. Rosales 09/01/2011

HINTS AT MILLIONS IN $ DEPOSITS LINKED TO MIKE ARROYO

Ping wants AMLC to probe 2 HK-based ‘dummy’ firms

By Angie M. Rosales 09/01/2011

Despite his lack of any solid evidence to back up his allegations, Sen. Panfilo Lacson once again disclosed to reporters the probability of laundered money estimated at tens of millions of dollars to some government officials, allegedly on anomalies surrounding the construction of the Ninoy Aquino International Airport (NAIA) Terminal 3.

Even as Lacson admitted that the information he has on “money laundering” is raw, he claimed that these millions were coursed through two Hong Kong-based dummy corporations which firms, he said, are now the subject of a paper trail by the Anti-Money Laundering Council (AMLC).

The Lacson-claimed dummy corporations, registered in the British Virgin Islands, were alleged to have been in receipt of remittances ranging from $800,000 to as much as $2 million per transaction, at one point.
But the matter of the money involved ending up in the hands of particular personalities in the government is now also being established by the council, the senator said, adding that he wasn’t certain whether the money was part of an extortion racket..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110901hed1.html