Manila : Last week, the Anti-Money Laundering Council (AMLC) filed a second complaint with the Department of Justice (DOJ) over the reported $81 million laundered money from the accounts of the Bangladesh central bank.
The AMLC, charged business man Kam Sin Wong aka Kim Wong and Wei Kang Xu for violation of section 4 (a) and (b) of Republic Act (RA) No. 9160, this also called as the Anti-Money Laundering Act of 2001.
Section 4 (a) holds accountable for money laundering any person who transacts or attempts to transact a monetary instrument or property which represents, involves, or relates to, the proceeds of any unlawful activity; while section 4 (b) covers any person who performs or fails to perform any act despite knowledge that any monetary instruments or property involves the proceeds of any unlawful activity and, therefore, facilitates the offense of money laundering.
RCBC Jupiter Branch manager Maia Santos-Deguito's testified before the Senate Blue Ribbon Committee investigation. According to Dequito, Wong made the referral for the opening of the accounts with RCBC Jupiter Branch of Michael Francisco Cruz, Jessie Christopher M. Lagrosas, Alfred Santos Vergara and Enrico Teodoro Vasquez, which said to be fictitious accounts, for the transfer of the stolen funds.
These accounts were opened last year of 2015 with an initial deposit of $500 each. These accounts remained idle until February 4, this year.
According to the report on February 10 and 11, about P1-billion was transferred to Eastern Hawaii Leisure Company Limited's Philippine National Bank account where Wong served as the president and general manager of that company. Wong made three transactions.
The other Chinese national Xu is also charged in connection to the heist. The remittance company in the Philippines “PhilRem” had delivered the amount of USD 18,000,000.00 and Php 600,000,000.00 to Xu. The delivery happened between 5-13 last month.
|GMA news Philippines|
AMLC also added that from February 5-11, 2016, PhilRem transferred P1.37-billion in favor of Bloomberry Resorts and Hotel Inc. (Solaire). Atty. Tan a corporate secretary said that the money that was transferred was for the money of Xu (registered junket operator). The funds then were converted into chips for casino players to use.
Wong according to the story known – he was 10 when his family came to the Philippines. He was a college drop out. But later become a business man.
Back in 2001 Wong appeared in the Senate committee when he was linked to illegal drug trade and other illegal activities but Wong denied all the allegations.
Wong befriended Lacson, a former Philippine National Police (PNP) chief, Director General Leandro Mendoza, PNP chief; Western Police District Chief Avelino Razon; and Chief Supt. Francisco Zubia.
Wong was also a campaign donor and seems to have many Politician friends.