VP Binay Hits Back To AMLC after Frozen Accounts

Vice President Jejomar Binay fired back Thursday at the Anti-Money Laundering Council, saying the council is making up stories indicting his family and allies own 242 bank accounts, insurance policies and securities investments.

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Binay said the release of the AMLC earlier report is illegal since it is one-sided blaming his critics for the release.

In a statement, he insisted that it is part of a conspiracy to malign his name before the 2016 elections.

The vice president denied that he has the number of accounts and said he only have five under his name all are covered by the Court of Appeals freeze order.

Binay said the AMLC even included accounts that have already been closed.

“Hindi lang pala sa Senado may gumagawa ng kwento at manghuhula. Sa Anti-Money Laundering Council din,” he said.

Contradictory to AMLC’s claims that his only source of funds is his salary, Binay said he also has savings before he joined government while his family has been maintaining business for decades

“Kasama sa accounts ko ang mga kinita at naipon ko bago pa ako sumama sa gobyerno. Mayroon din kaming negosyo na ilang dekada na. Nagbabayad din kami ng buwis. Pati ang legal campaign contributions na naka-report sa Comelec sabi ng AMLAC ay tagong yaman. Mali talaga ang AMLAC,” he said.

More than 200 bank accounts, investments, and insurance policies purportedly of VP Binay, wife and son Junjun Binay, and others linked to their family have been frozen as AMLC’s petition been granted by Court of Appeals.

Atty. Claro Certeza, Binay’s legal counsel said the AMLC appears to have deliberately misled the CA by concealing the fact that Binay received P231 million in campaign contributions and spent P218 million through his designated banks accounts which were all duly reported in a statement filed with the Commission on Elections (Comelec).

H/T: ABS-CBN News; photo lifted from Google.

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