“Your statements are contradictory. You all delivered everything to Solaire, 18 plus 600 million now. You’re saying some of them were picked up at your house?” Sen. Teofisto Guingona III questions Philrem Service Corporation Chief Executive Officer Salud Bautista on Senate’s fourth hearing involving $81 million laundered money from Bangladesh Central Bank.
The Senate investigates Philrem Service Corporation anew because of its conflicting statements on money transfers involving the $81 million stolen fund from Bangladesh Central Bank.
The Senate Blue Ribbon committee criticized the Bautistas who own the Philrem Service Corporation because of contradictory statements they made in the Senate’s fourth hearing on the 81-million dollar money-laundering scheme.
Philrem was the remittance company Maia Deguito had transactions with to convert the 81-million dollar laundered money into peso and delivered to junket operators in casino.
Salud Bautista, the Chief Executive Officer of Philrem has said before that she personally delivered 600 million pesos and 18 million dollars to Weikang Xu in six tranches.
But she initially failed to mention the exchange of money that took place at the Bautista residence, a fact which was first revealed by Kam Sin Wong.
Kim Wong said, a total of 17 million dollars is still unaccountable and allegedly still with Philrem.
Sen. Ralph Recto said it is important to know the exact amount of money delivered and picked-up so it can be returned to the Bangladeshi government.
Meanwhile, the latest resource person to be invited was Philrem messenger, Mark Palmares; who failed to show up at the hearing because of health reasons.
Palmares was said to be present during the delivery of cash to Weikang Xu in Solaire.
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