Kim Wong vows to turn over another P450M to Senate | Inquirer News

Kim Wong vows to turn over another P450M to Senate

By: - Reporter / @MAgerINQ
/ 12:32 PM April 05, 2016

Kim Wong

Casino junket operator Kim Wong. CATHY MIRANDA/

Casino junket operator Kim Wong on Tuesday promised to return to the Senate another P450 million, which was believed to be part of the alleged $81million stolen funds from the Bangladesh’s central bank.

Wong made this promise when he returned to the Senate blue ribbon subcommittee’s ongoing investigation into the controversy.


“Within 15 to 30 days kasi mangungutang pa ako sa mga kaibigan ko, yung ibang shares ng companies ko para maayos ko po,” he said when committee chair, Senator Teofisto Guingona III , asked if the junket operator could commit to return the money.


“Promise po, isa-submit ko po sa committee nyo po,” he said.

(Within 15 to 30 days because I still have to borrow money from my friends, [and source funds] from my companies’ shares to settle this.

I promise to submit this to your committee.)

Wong said he would return the money in cash.

In his testimony last March 29, Wong said the P450 million was the money owed him by Chinese businessman Shuhua Gao, whom he described as a junket agent.

Wong said Gao, and another businessman Ding Zhize, had allegedly brought the stolen funds into the Philippines through Rizal Commercial Banking Corp on Jupiter Street, Makati City. CDG


READ: Kim Wong names 2 Chinese who brought $81M to PH

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Bangladesh, dirty money, hearing, Kim Wong, RCBC, Senate, TG Guingona

© Copyright 1997-2024 | 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.