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Guingona: It’s a big syndicate

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Senator TG Guingona shaking hands with Governor Bombit Adiong at the venue of the “Tibao,” the Provincial Capitol Auditorium (Photo by Rocaya Sumndad Otical Yahya)

Marawi City, Lanao del Sur
March 19, 2016

The Chairman of the Senate Blue Ribbon Committee asserted that one big syndicate is responsible for the biggest money laundering feat ever carried out in Philippine History.

“They stole the money from Bangladesh,” Senator Teofisto “TG” Guingona, III told The New Ranao Star, referring to the million dollar bounty that ultimately ended in the RCBC.

He promised to dig deep into the case now being investigated by his Committee.

He said that everybody involved in the scandal must be exposed.

It appears that $81 Million stolen from the Bangladesh Central Bank by Chinese Computer hackers, found its way into the country’s financial system through an account in the Rizal Commercial Banking Corporation (RCBC) Branch on Jupiter Street, Makati.

Bank Manager Maia Santos-Deguito of the said branch in her testimony stated that she was requested by Kim Wong to open an account in the name of William Go.

It was to this account that the money from Bangladesh was wired.

Senator Guingona was earlier known to be “Galit sa Buaya” (angry at crocodiles).

He started his fight for good governance and corruption at an early age.

He was jailed at 19 for actively joining protests against the Marcos dictatorship.

He began his career as a legislator as a Congressman of the Second District of Bukidnon where his family resides.

As a Senator he has a sterling record of legislative work.

He was in Marawi weekend to attend the “Tibao” – a Community Prayer for the departed – of Governor Mamintal “Bombit” Alonto Adiong’s wife, Raifa, who died recently.

The New Ranao Sar

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