Missing Binay aide still on Makati gov’t payroll
No business relations
They started selling securities, making interaccount transfers, preterminating their time deposits, investment placements, and cashing checks, the council said.
The council also said that it found no reason why Baloloy and Limlingan should maintain joint accounts and conduct high-value and frequent bank transactions in large amounts because they had no business or professional relationship.
According to the AMLC, Baloloy’s accounts contained hundreds of millions of pesos and one joint account that she held with Limlingan contained more than P1 billion.
Like Binay’s accounts, the pair’s individual and joint accounts could have only originated from unlawful activities, the AMLC told the Court of Appeals.
The council said Baloloy and Limlingan served as dummies for Binay.
Article continues after this advertisementThe court ordered a freeze on the bank accounts of Binay, his wife, Elenita, son Mayor Binay, Baloloy, Limlingan and those of the Vice President’s business associates and alleged dummies.
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The bank accounts of Baloloy’s relatives—Francisco, Frederick and Jennifer Baloloy—were also ordered frozen.
Details from the AMLC report showed that from 2007 to 2014, Baloloy and Limlingan had cash and checking accounts containing at least P810 million in deposits and P1.629 billion in investment management funds in different banks.
The accounts of Baloloy and Limlingan were found in BDO Unibank, Metrobank, Rizal Commercial Banking Corp., Land Bank of the Philippines, Security Bank, Philippine Bank of Communications and Philippine Savings Bank.
A table of transactions prepared by the AMLC showed that the biggest amount deposited to the pair’s account at BDO Unibank was P100 million. The deposit was made on Dec. 22, 2009.
Less than a month after that, on Jan. 18, 2010, P50 million was deposited in another joint account belonging to Baloloy and Limlingan in the same bank, the AMLC said.
The table of transactions also showed that two or three deposits were made to the different accounts of Baloloy and Limlingan in a single day.
It showed that two weeks earlier, on Feb. 23, 2010, P40 million was deposited in another joint account held by Baloloy and Limlingan. With a report from Inquirer Research
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