P1B money flow among Dutertes ‘misleading’ ? AMLC
The financial intelligence unit is yet to decide if a full-blown investigation is necessary for the case of President Rodrigo Duterte.
The Anti-Money Laundering Council (AMLC) has finally spoken up regarding reports that the Office of the Ombudsman has asked for a complete probe into the bank accounts and financial transactions of the Duterte family, amid allegations that the President has amassed illegal wealth during his days as mayor of Davao City and up to the country’s top post.
In a statement, AMLC again denied that it was the source of the bank records which were being used by Senator Antonio Trillanes IV to make his allegations against Duterte, but confirmed that their office has indeed received a request from the anti-graft body.
“We have yet to evaluate the request, and the initiation of an investigation, as well as the release of any report on the subject will depend on such evaluation,” the AMLC said in a statement on Thursday.
“Suffice it to state that in the attachment to the Complaint, the alleged debits and credits representing outflows and inflows of funds were added together, thus, the resulting total amounts are wrong and misleading.”
The AMLC made the clarification amid reports that assume that the Duterte family got hold of funds worth P1 billion, which was apparently reached by adding the figures on the supposed transactions they made.
It’s time for the AMLC to show who’s boss in terms of bank records and finance.
AMLC Executive Director Mel Georgie Racela was appointed as Executive Director effective February by the Monetary Board, the highest decision-making body at the Bangko Sentral ng Pilipinas.