Gordon bares latest money laundering scheme in PH worth $500K
Photo courtesy of Office of Senator Gordon
MANILA, Philippines — Another US$500,000 in suspected laundered money entered the Philippines Tuesday morning, according to Senator Richard Gordon, chair of the Senate blue ribbon.
Speaking with reporters, Gordon said the money arrived at the Ninoy Aquino International Airport (Naia) Terminal 1.
“May 500,000 dollars na naman. Galing namang Singapore. Dalawa lang pinanggagalingan niyan–Singapore saka Hong Kong,” he said.
(There’s another 500,000 dollars. This time from Singapore. There are only two places where these come from–Singapore and Hong Kong).
“Singaporean naman. Dineclare na naman [A Singaporean brought this. It was declared],” he added.
The purpose declared for the money was for business.
Gordon is currently leading an investigation into suspected money laundering scheme wherein millions of dollars are being brought into the country by Chinese citizens and Filipinos.
According to Gordon, the amount of money that was suspiciously brought into the country has reached $633 million or over P32 billion from September 2019 to March 2020.
