Vice Pres. Binay Denies Money Laundering & Getting Billions for Makati Projects

The Vice President of the Philippines, VP Jejomar Binay, denies the allegations thrown at him by the Anti-Money Laundering Council (AMLC) that he allegedly pocketed billions from several infrastructuer projects in Makati City, when he was still the mayor of the city. VP Binay cries foul over the story of newspaper on his involvement with money laundering during his term as Mayor.

VP Binay Ilocos Sur

According to the story posted by Inquirer, VP Binay allegedly has 139 ank accounts connected to his name, and that he used third party money launderers as conduits.

During VP Binay’s campaign sorties in Ilocos Sur on Tuesday (March 15), VP Binay lamented how the newspaper agency and the Senate Blue Ribbon sub-committee has been looking into corruption allegations against him.

VP Binay stated “Ngayon nga pala, sa (Philippine Daily) Inquirer, ako na naman ang headline, grabe. It’s one for the books, I tell you. For one year and a half, iniimbestiga kami ng Senate in aid of legislation, pero nakikita mo ginagawa, mahihiya ang husgado,” the vice president said.

“Allegations are not evidence. Yung corruption is a criminal liability and the only time you can be pointed to as corrupt is when you are convicted by the courts. It’s not pag ikaw ay pinagbintangan,” the mayor clarified.

The spokesperson of VP Binay, Atty. Rico Quicho, claimed that the Anti-Money Laundering Council (AMLC) already said in court that Binay only has one bank account, which only contains P1.7 million. Quicho adds the AMLC failed to show evidence, which would link Binay to the bank accounts of some of the individuals, corporations, and foundations in question.

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