Close  
BILIBID DRUG TRADE

Too little, too late, Aguirre says of freeze on drug lord’s funds

/ 03:11 AM February 05, 2017
Peter Co

INQUIRER PHOTO / RICHARD A. REYES

Despite the recent freeze order on the bank accounts of convicted drug lord Peter Co, Justice Secretary Vitaliano Aguirre II said the Anti-Money Laundering Council (AMLC) chaired by Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. has still fallen short of its duty to help authorities crack down on the lucrative business of drug lords operating inside New Bilibid Prison (NBP).

“It’s too little, too late,” said Aguirre on AMLC’s much delayed filing of a freeze order on the bank accounts of Co and his syndicate of drug money launderers last January.

ADVERTISEMENT

The Court of Appeals granted AMLC’s petition for a freeze order more than six months after the Philippine Drug Enforcement Agency sought to ice the 184 deposit accounts and insurance policies used by Co and 11 cohorts to receive payment for drug deliveries and launder this dirty money.

“What we were asking for is an analysis of the bank transactions of Sen. Leila de Lima. They have not given that to us up to  now and even after the President has castigated them twice publicly,” Aguirre said.

Aguirre has accused De Lima of being responsible for the proliferation of the drug trade inside NBP during her watch as  justice secretary from 2010 to 2015.

Aguirre said that the bank information being sought by the National Bureau of Investigation would have shown how the alleged drug money from NBP drug lords were deposited to De Lima or to her dummies.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

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: AMLC, Anti-Money Laundering Council, campaign against illegal drugs, NBP drug trade, PDEA, Peter Co, Philippine Drug Enforcement Agency, Vitaliano Aguirre II, war on drugs
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 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.