Trillanes accuses Antonio Tiu of withdrawing millions of cash from QC bank | Inquirer News
Close  

Trillanes accuses Antonio Tiu of withdrawing millions of cash from QC bank

By: - Reporter / @MAgerINQ
/ 03:12 PM October 22, 2014

MANILA, Philippines — The Chinese-Filipino businessman tagged as Vice President Jejomar Binay’s dummy had allegedly withdrawn millions of pesos from a bank in Quezon City last July, Senator Antonio Trillanes IV told a Senate hearing on Wednesday.

ADVERTISEMENT

Trillanes made the disclosure after the businessman, Antonio Tiu, confirmed during the hearing of the Senate blue ribbon subcommittee that he has an account with Banco de Oro branch in Banawe, Quezon City.

The senator then asked Tiu if he made any withdrawals from the bank sometime in July.

FEATURED STORIES

“I’m not waiving any bank secrecy law,” the businessman said.

“You’re not, you’re not. Kasi you’ve been very upfront so would you happen to at least give us an idea how much money you withdrew at that time?”Trillanes asked.

And when the businessman refused to answer his query, the senator volunteered the information that Tiu supposedly withdrew hundreds of millions of pesos from the said bank.

“Well, just to inform the subcommittee Mr. Chairman, merong kaming mga testigo na magsasabi that Mr. Tony Tiu withdrew hundreds of millions of pesos in cash in that bank. Would you confirm that Mr. Tony Tiu?” Trillanes said.

“Your honor, do you have any documents to prove (your claim)?”Tiu asked the senator.

“No, no I’m just asking you. You are not allowed to ask,” said the senator.

At this point, Tiu invoked his right against disclosing any of his bank transactions.

ADVERTISEMENT

“’Yun ang maliwanag,”  Trillanes said.

RELATED STORIES

P10-M payment by Binay camp to witness bared in exchange for silence

Antonio Tiu can’t prove ownership of Batangas property

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Antonio Tiu, Antonio Trillanes, banco de oro, Bank Secrecy Law, Binay dummy, cash withdrawal, Jejomar Binay
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.