ABS-CBN News reported on Thursday that the Anti-Money Laundering Council (AMLC) has submitted their report to the Office of the Ombudsman and found that the bank deposits and investments made by Senator Bong Revilla and his family from April 6, 2006 to April 28, 2010 amounted to P87,626,587.63. AMLC pointed out that this period coincides with the documentation in Benhur Luy’s ledger, which indicates when the detained senator allegedly received commissions or rebates.
Despite depositing these large sums in several accounts, Revilla did not declare any cash on hand or in banks in his SALN in 2006. He then continued to declare a smaller amount than what was actually in the accounts in his succeeding SALNs. The AMLC said this is an indication of a money laundering scheme.
Representative Lani Mercado’s records from the same period also revealed strange transactions. Mercado received more than P27 million for Nature Concepts Development and Realty Corporation but it was not in operation at that time. Another interesting detail revealed by the AMLC’s investigation is the termination of Senator Revilla’s investments and bank accounts "immediately before and after the PDAF scandal circulated the media."
The Revilla camp, however, said these reports are inconclusive.
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