Philippine Security Council Looking Into China-Linked Remittances to Duterte Family Firm - BusinessWorld Online
The council will review whether the transfers pose national security concerns after banks flagged them as suspicious and the AMLC said they totaled 319 million pesos.
- On Tuesday, the National Security Council announced it is investigating 319 million pesos in remittances from China and Hong Kong sent to Cale88 Food Corp., a firm linked to Vice President Sara Duterte's husband.
- Anti-Money Laundering Council Executive Director Ronel Buenaventura testified during Monday's impeachment trial that banks flagged these transactions as suspicious, which prosecutors presented as evidence of unexplained wealth.
- National Security Adviser Eduardo Oban said the council takes the allegations "seriously," but Panelo countered Tuesday that prosecutors have not proven the money was hidden or illegally sourced.
- Defense Secretary Gilbert Teodoro and Armed Forces spokesman Roy Vincent Trinidad warned that foreign funding could facilitate espionage or influence operations, impacting national security in the West Philippine Sea.
- The Chinese embassy in Manila did not immediately respond to requests for comment as the impeachment trial proceeds, and Duterte stated she would let her lawyers respond to the allegations.
12 Articles
12 Articles
NSC to probe alleged Chinese funding of Duterte-linked firms
The National Security Council will investigate alleged financial inflows from China to Philippine-based companies linked to the family of Vice President Sara Duterte, amid concerns over possible foreign interference and national security implications.
Teodoro calls for probe on alleged multi-million cash from China into alleged Duterte companies
MANILA, Philippines — Defense Secretary Gilbert Teodoro Jr. on Tuesday called for an investigation into the supposed confirmation of the Anti-Money Laundering Council (AMLC) that a company linked to Vice President Sara Duterte has received millions in cash from China.Speaking in Filipino, Teodoro said that "if there was prima facie evidence, which the AMLC said there was, then there was a need to investigate the matter thoroughly because there w…
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