Ping: LTA has millions in dollar bank accounts By Angie M. Rosales and Virgilio J. Bugaoisan 08/20/2011

AS IGGY DECLINES SENATE INVITE

Ping: LTA has millions in dollar bank accounts

By Angie M. Rosales and Virgilio J. Bugaoisan 08/20/2011

Even as the issue of the ownership of the controversial helicopter and its sale remain unresolved, Sen. Panfilo Lacson again came up with another allegation against the Arroyos which he admitted would still undergo a check.

The Arroyo family’s LTA Inc., was charged by Lacson to be keeping a dollar account that made remittances to banks abroad in the millions and in foreign currencies.

The alleged remittances, some of which are suspected to cover the payments allegedly made by the former First Gentleman in buying five helicopters sometime in 2004, are now being looked into by the Anti-Money Laundering Council (AMLC) as the amounts appear to have exceeded the allowed threshhold or possibly fall under the category of a suspicious transaction.

“They (AMLC) promised to give us a feedback soon,” Lacson said after relaying to the AMLC officials, during Thursday’s budget hearing of the purported $1 million.... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110820hed1.html