The report of the Anti-Money-Laundering Council (AMLC) is “one-sided” and “whimsical,” Vice President Jejomar Binay said following the Court of Appeals’ decision to issue a freeze order on his bank accounts.
“That report is one-sided and we were not given the opportunity to explain. I will repeat what I said yesterday: the Amlac is wrong. Amlac is truly mistaken,” Binay said in Filipino at the 36th National Conference of Employers yesterday.
“You probably learned from media reports that I have 242 bank accounts. Am I richer than Bill Gates and Warren Buffet and am I not aware that there are that many banks in the Philippines?” he added.
He said he “was not surprised that AMLC’s report had been leaked to other parties even as he himself has not yet received a copy.”
“Let us all hope this whimsical use of regulatory powers is stopped sooner than later. It creates a chilling effect on confidence in business and banking system that is detrimental to our economy and development,” the Vice President said.
According to him, he hopes that no one among the owners and officials of the different companies present during the event would be summoned by the Senate since he referred to them as his “dear friends.”
“Now that I have referred to you as dear friends, I hope you will not get an instant invitation from the Senate Blue Ribbon subcommittee to prove you are not my dummies, and your companies, not my dummy corporations,” he said.
He said the freeze order by the CA is being used to “publicly ridicule, intimidate and harass” individuals affiliated to him, adding that their bank accounts are now also frozen. /INQUIRER.NET
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