Update: Blancaflor waves right to bank secrecy;allows his bank account to be examined.
Secretary Blancaflor’s statement on the alleged P2.6 million deposit:
Feb 26 2008 Applied loan as co-borrowers, Ricardo Alejandro Blancaflor and Mercedes Kathryn Yap (then fiancée). Paid Php 2.1M as downpayment which is 30% of Php 7M.
April 30 2008 Two loan documents were made when the loan was approved. One loan was covered by PN No 174514000507803 in the amount of Php 3,220,232.00. Monthly amortization is P36,195.31 starting June 1, 2008.
Notes:
1. Dec 16 2008 The check payment of Php500,000.00 was made by Mercedes Kathryn Yap.
2. Dec 22 2008 Metrobank faxed a letter dated Dec 19, 2008, showing the new amortization schedule after the payment of Php500,000.00 made on Dec 16, 2008 has been applied already. As of Dec 19, 2008, the running principal balance of this loan is Php 2,642,187.23.
3. Jan 23 2009 As of now, current loan balance is Php 2,621,760.18.
4. There was no deposit at all of Php 2,642,187.23, either on Dec 19, 2008 or at any other time. The loan was applied for and down payment was made nine months before Dec 19, 2008.
* * *
Ricky Carandang of ABS-CBN News Channel last Friday reported that Justice Undersecretary Ricardo Blancaflor deposited P2,644,438.92 in his account in Metrobank head office in Makati on Dec. 19, 2008, the day he called up Maj. Ferdinand Marcelino asking why Richard Brodett, Joseph Tecson, and Jorge Joseph were not yet released despite the resolution issued by the Department of Justice dismissing the charges against them.
Ricky’s source said Blancaflor availed of a loan in the amount of P2,642,187.23 also on Dec. 19, 2008. But he also deposited P2,644,438.92 on the same day.
This is Blancaflor’s explanation (he will send a statement later):
There was no deposit of P2,644,438.92 on Dec. 19. The P2,642,187.23 is the balance of a P7 million he obtained February last year.
He said on Dec. 16, he deposited P500,000 as payment to the loan.
He bewails what is happening now that bank records are leaked to media. “Nobody is safe anymore,” he said.
It will be recalled that despite the fact that Marcelino told him on Dec. 19 that Brodett, Tecson, and Joseph can’t be released because DOJ resolution still has to be reviewed by Justice Secretary Raul Gonzalez, Blancaflor, on Dec. 23, used his office to do messengerial service for the Alabang Boys’ lawyer, Atty. Felisardo Verano.
Blancaflor allowed his secretary to deliver the order to release the three prepared by Verano on a DOJ letterhead for signature of Gonzalez. The release order has yet to be acted upon by Gonzalez.
Blancaflor and Verano are fraternity brothers He also once helped the Brodetts with their tax case with the Bureau of Internal Revenue.
VERA Files, in its recent report of intra-feud of agencies involved in the fight agaist illegal drugs,said, “Blancaflor was first recruited to the Arroyo government by then National Security Adviser Norberto Gonzales but never held office at the National Security Council.
“Instead, he was posted at Malacanang, manning the “war room” along with former military intelligence officer Col. Victor Corpus and then Presidential Management Staff chief (now Ambassador to Greece) Rigoberto Tiglao that closely monitored political developments, including Arroyo’s opponents.
“Blancafor has told friends that he mustered support for Arroyo in 2005 amid allegations of her hand in electoral fraud, documented in wiretapped phone conversations known as the “Hello, Garci” tapes. As members of the Cabinet were defecting, Blancaflor “shepherded” reporters to the Alabang residence of Fidel V. Ramos for the press conference during which the former president declared he was standing behind Arroyo.
“Blancaflor was later appointed undersecretary at the Department of National Defense and the DOJ, but without portfolio.
“Blancaflor and lawyer Felisberto Verano Jr., counsel for “Alabang Boys” Richard Brodett and Joseph Tecson, are contemporaries at the Ateneo de Manila Law School and brods at the fraternity Utopia. State Prosecutor John Resado, who dismissed the charges against the “Alabang Boys,” is Verano’s former law student at the Far Eastern University.”
These so-called legal luminaries of our illustrious country have become so brain dead caused by insatiable greed, so corrupted by the Gloria system that they do things which even a 12-year old tulisan won’t do… getting caught en flagrant délit!
26 January 2009
First off let me greet each and everyone GONG XI FA CAI.Now back to reality, what do you expect from the HOODs, if the evil bitch can do it why not the broods, after all, all they to do is say “I AM SORRY”. If you think getting and receiving the payment from drug lords is worst than stealing the votes of the millions of voters, I don’t what to call it anymore.
The beauty of being part of the inner circle of the evil bitch if somewhatg being untouchable.
Take the sample of kiko panganiban, he was part of the so called mob in the canvassing of election returns in 2004, but what did he do, always note,noterd and noted.
Now he is crying thagt the evil bitch is militirazing (is the correct???) the government bureacracy and crying that this might be a prelude to martial.
Just like what happen to the fertilizer scam, textbook scam, zte broadband scam the northrail project scams and a lot more. all investigations but nothing is happening.
WHY???? it’s because the evil bitch is still there, still clinging to the stolen presidency and us the citizen of this country is doing nothing to remove the omen that is hunting our country.
So the HOODs will do what the big boss is doing until kingdom come.
WE all have to live with it by doing nothing.
prans
hahaha! nakalimutan ko na kung sino sa commenters dito ang nagsabi na they have a business na mag-pautang or sum’tin to that effect?
baka naman interest lang to nang mga pina-pa-loan nila? hahahaha!
kaloka talaga! nakaka-praning! grrr!
Your Majesty, I can’t understand how that scheme works. How will you be able to launder dirty money that way when you are just returning to the bank what you got from them?
Please educate me.
Ponzi scheme?
or Maddoff but via a speck of a dust methodology?
Ellen, as long as the client is in cahoot with the bank (usually bank manager), it’s easy. The branch or bank official could have received his or her share.
I think BE is right.
I just learned from my sister that my bantay (who owns a big piece of land beside mine in Batangas and from whom I bought this property) went to the bank last december to apply for a loan, effectively putting up his property for mortgage; his land title is clean, etc., but apparently, his loan is possible only with a caveat, eg., the bank official who approves the loan has to be given a cut (in private of course.)
Practically double jeopardy for my poor bantay. I find this sort of practice, if it truly exists, unspeakably outrageous. (These bank guys should be thrown out of the roof of a high rise building without a parachute)
To be honest with you, I was once guilty of the same. Many years ago, a bank manager from a large bank became my friend. He invited me for a joint business venture. However, I was short of funds then. What he did was give me loan from the bank and I used it to complete the investment. When we sold the business, I paid back the loan.
SOP Queen Elene…in a business world either legal or under the table economy, mostly those involves in any form of transactions…100% may tongpats possibly from 1 to 30% from the market price, but the practices in our beloved land especially our disrespectable jocjocmania increase to 1,000% the cost of one bottle of pesticides.
Kaya itong si Blankaflor dapat isalang sa kangaroo court para mabigyan ng leksyon ng matuto kasi nga sinungaling na e gusto pang gaguhin ang Pinoy.
If you followed the last Fertilizer scam hearing, you would vomit in disgust. The fixer Jim Paule kept denying that he knew other witnesses. Finally, a photo was shown to him showing that he was present in a birthday party of one witness. Gordon wants to charge Bolante with plunder but Enrile disagrees. As you can see, there’s always a Malacanang representative trying to block an investigation that involves government officials.
BE,
Sa totoo lang, magkakakutsaba ang mga iyan…pare-parehong nakikinabang yan sa pera ng bayan kaya wala tayong aasahan sa mga kurap na yan.
Rebolusyon ang solusyon upang lipulin lahat ang mga magnanakaw at traydor sa ating bansa? Kita mo ang USA di ba mahabang panahon sila nakibaka laban sa mga kaaway ng lipunan, so kita mo naman di ba sa ngayon nag-e-enjoy sila, pag nagkasala kulong, sa Pinas pag may PISO ka solve ang kaso.
This blog was a witness to my constant call for Revolution for a long time now. But, Ellen has been restraining me for fear of being accused as sedition.
Ano ba naman kayo?
Madaling palaguin ang negosyo ngayon.May nag tip sa akin na nagsimula lang daw si Resado sa 50,000, ganyan daw ang simula ni Prosecutor Resado ng DOJ.Ginamit ng misis niya ang singkwenta mil para ipautang ng five-six.Wala pang isang buwan ay nakapagdepsito na siya sa banko ng 800,000 interest interst lang iyan.Biruin n’yo,iyung dalawangpung bangus at kwuarentang tilapia na binili ng ng nagtitinda ng mga isda na pinautang niya sa Dagupan,habang tumatakbo ang sinakyan nilang pampasaherong jeep ay nag-umpisa ng nanganak ang mga bangus at tilapia,hangang sa bumibigat ng bumigat ang karga ng jeep,mabuti na lang at medyo mura na ang krudo.
Pagdating na sa palengke ng Camiling Tarlac ay umapaw na ang jeep sa dami na ng isda,(Parang storya sa Bible,na minadyaik ni Jesus ang isda at dumami)iyung ipinanganak na nabili nilang isda ay nanganak ng nanganak hanggang sa bumagsak at nasira na ang palengke dahil sa sobrang daming isda na umabot ng milyong,milyon na piraso.Kaya yumaman ang si Resado at umabot ng 16 m ang naging capital niyang inutang na 50,000 pesos.Umabot ng 800,000 ang idiniposito niya sa bangko (interest lang iyun ha!na galing sa mga apo ng mga bangus at tilapia na nabili sa Dagupan).
Bigyan mo nga ako ng tip Resado ang tanong ni Bencaflor sa kanya “kung papano ka yumaman.”
“Sir naman!” ang sagot ni Resado.”Kukumpetinsyahin mo pa yata ang negosyo ko,ganito na lang, ibang negosyo na lang ang gawin mo,big time pa ito Sir kesa sa akin,papautangin kita ng isang milyon at magtayo ka ng laundrymat,uso ngayon ang ganyang negosyo dahil mahal na ang bayad sa labandera,pakakainin mo pa at pasigarilyuhin,tapos kapag walang pandesal hindi na sila babalik”
Sige akin na ang isang milyon at magtatayo ako ng “laundry mat”.Pumatok ng husto ang negosyo ni Bencaflor at pinilahan ang bagong laundry mat niya.Sa loob ng 24 hours na wala pang isang araw ay nakapagdeposito na siya sa Bangko ng mahigit dalawang milyon dahil tamad na ang mga pinoy na magkuskos pa sa batya.
Iyan ang diskarting Pinoy….Kaya magnegosyo na rin kayo ng kapote dahil baka araw araw na ang ulan,Naging Czarina na si Gloria ng kalikasan.Sige kayo baka kayo magsisi sa bandang huli, Nagpapautang ngayon ang OWWA ng 50,000 na puhunan,pero may mas maganda pang negosyo na bawal sa ngayon pero baka sakaling makalusot.–Repacking ng Shabu…..Kung pang small time ka lang baka sampung libo ay pwedi na……
ZZZZZZZZZZZZ. Natutulog sa pansitan ang inutil na AMCL. Baka kasabwat pa sila. Kung may P7 million loan di may collateral. Marami sigurong *hidden wealth* si Blancaflor.
Tita Ellen,
The story goes that:
Ricky’s source said Blancaflor availed of a loan in the amount of P2,642,187.23 also on Dec. 19, 2008. But he also deposited P2,644,438.92 on the same day.
Let me try.
Let’s start with money laudering. According to this source: Money laundering” is the practice of engaging in finance/financial transactions in order to conceal the identity, source, and/or destination of illegally gained money, and is a main operation of the underground economy.”
The identity of the parties are known. The source of the money was the bank is also known. Destination of the money? Well, kung ibinalik in one day, then it’s also known na napunta sa bank. It appears na this is not money laundering to me. Kaso, I’m sure the lawyers would best be able to explain this one once you consider every other event attached to the act of taking out a loan vis-a-vis the situation. First read ko, looked like a fictitious transaction of some sorts.
Generally kasi in the banking industry, if you deposit that big amount of money, of course, they’ll ask you the source. Kaso, here – it’s not a deposit. It’s a loan, and the money came from the bank and it was returned. Kaya medyo na-praning ako. So, the next question was – what was the loan for?
Another point of consideration is that, the bank makes money on loan interest. Why would they allow a pre-payment in one day, thus losing the interest earned? What special arrangement was structured in that big of a loan?
In the “you avail of a loan then pay with the dirty money scheme”, I personally find it sort of similar to depositing fraudulent proceeds into their account and immediately withdraw those funds at various branches. How similar? Similar in terms of trying to disassociate themselves from the proceeds of a fraud quickly or dirty money. Could it be that “something happened” kaya ibinalik ang pera agad? Who knows.
I’m not accusing nor insinuating the bank of complicity, but based on this story, it appears to me that there seemed to be like a fictitious transaction going on and that there were hands at the bank assisting the transaction to take place (well, obviously). Now, why the bank accommodated the loan, that would be quite one very interesting Senate inquiry. It’s just my personal take on the story and I could be wrong.
Here’s a very good site to read about METHODS AND TECHNIQUES OF MONEY LAUNDERING.
hahaha! ikaw pala yon Cocoy! kaloka talaga! hahaha!
Magkano naman kaya ang idineposit ni Sec Gunggonzales pagkatapos makausap ng abogado na si Verano na kasama ang isa sa mga magulang ng isang akusado?
ellen, did Blancaflor got his loan and deposited almost the same amount on the same bank?
Ang 5/6 na lending ay maaring kumita ng 17% interest per 40 days. Kanya ang kita ng pautang na hindi pa compounded ay nasa 153% kung walang patid ang pautang. Kung mayroon kang kapital na P50,000, ang ilalaki ng iyong pera sa loob ng limang taon (semi-compunded)ay ganito:
start 50,000
1st yr. 126,500
2nd yr. 320,045
3rd yr. 809,173
4th yr. 2,047,207
5th yr. 5,179,435
Sa mga iba ay awas na ang interest pagkaabot ng pera.
Kung nagsimula ng 5/6 sila Resado noong 1998, malaki na dapat ang pera nila kung hindi nila ginagalaw ang pera nila at kung hindi nila kahati ang kanilang kamaganak.
Kung hindi ako nagkakamali ay nagsimula si Resado sa DOJ noong 2006.
Malaki ang posibilidad na hiwalay ang bank account nila sa business, joint personal at hidden account.
Ang ipinakita lang ni Resado noong huling hearing ay yung joint personal para mai-divert ang attention natin sa iba pa nilang bank account at para ma-justify ang pag-waive niya ng kanyang bank secrecy, mai-divert ang attention natin sa bribery gamit ang “informal economy” (usury) na mas madaling palusutan na kaso, at mai-divert ang issue kay Atty. Lazaro noong siya ay naiipit.
Mayroon pang mas malaking style na patubuan pero di ko na tatalakayin dito.
syria,
Pahirap sa tao iyang negosyong five-six at hindi ako kumporme diyan.”Shark Loan” iyan at ang nakikinabang lang ay iyung nagpapautang.Kailangan ay gumawa ng batas itong magagaling na kinatawanan na ibinoto (hindi ba sila nandaya) natin para ipagbawal iyan.Magset-up ng urban bank ang gobyerno para mag-pautang sa mga small scale business.
Mas maganda pa kamo iyung umutang awayin na lang ang nagpautang para “No Talk” na sila.O kaya’y magbarilan na lang sila para matigil na iyan.Iyan ang ayaw kong negosyo.Maawa naman kayo sa umuutang sa inyo.
27 January 2009
CONGRATULATIONS TO US ALL!!!!!
The beloved Republic landed in the GUINESS Book of World Record!!!!!!! Yahooooo!!!!!
That is being for the number of people killed in our country, that my friends is for us doing nothing to rid our country of the crap named gloria macapagal arrovo and her broods.
HURRAY!!!!!
prans
cocoy, sinabi mo pa. Talagang duduguin sa mga loan sharks at mga buwaya. Pero mayroon pang higit na masahol pa diyan. Si Oyang at ang kanyang mga alipores. Nakamamatay sila at kayang kaya nilang lamunin pati kaluluwa mo.
Pero maraming paraan para maiwasan mo ang 5/6. Kailanan lang maituro sa mga ating kababayan. Isa nito ay mababasa mo sa website ng Go Negosyo, sa ibaba. Pati 5/6 ay tinalakay dito.
Sa paglalaba naman ng pera, subukan mo kay blankaplor. Mukhang marunong siya. Ihanda mo lang ang consultation fee mo.
http://www.gonegosyo.net/
cocoy, sinabi mo pa. Talagang duduguin sa mga loan sharks at mga buwaya. Pero mayroon pang higit na masahol pa diyan. Si Oyang at ang kanyang mga alipores. Nakamamatay sila at kayang kaya nilang lamunin pati kaluluwa mo.
Pero maraming paraan para maiwasan mo ang 5/6. Kailanan lang maituro sa mga ating kababayan. Isa nito ay mababasa mo sa website ng Go Negosyo, sa ibaba. Pati 5/6 ay tinalakay dito.
http://www.gonegosyo.net/
Sa paglalaba naman ng pera, subukan mo kay blankaplor. Mukhang marunong siya. Ihanda mo lang ang consultation fee mo.
Hindi kaya na he deposited the money before his loan proceeds was relesed…kaya nakansela ang loan? it normally would take a day before transactions are posted in the books…kaya mukhang washed out ang loan…sa papel lang (debit/credit) pero yong deposit ay tunay…paraparaan lang..sa computer madali mag delete..kung sulat may white out or may eraser ng debit/credit..
Sino ba ang mga corporate officers ng Metrobank? Sino ang CEO? malakas sa gobierno segurado…
ito ata ang ibig sabihin ng “cuenta de book..suma de wit”?
Let me see if I can launder money virtually.
I borrow money, and deposit a similar amount. It would look like I deposited what was loaned to me. Then, slowly, I pay off the loan, but not from the deposit, but from my profits in the informal economy. Presto. Nalabhan ang pera.
A friend working in another bank said, the dirty money is usually put in investments handled by the bank which is not easy to trace to the owner.
Ang hirap intindihin itong buhay ng lumalangoy sa pera. Okay na lang ako dito sa buhay kong isang kahig-isang tuka. Less problems.
Your Highness, thanks for the link. Very informative.
This is the one that seems relevant to what is going on here:
.
Reynz,
Interest is booked as expense. That kind of operation could have been a “Dutch Sandwich” money laundering using two banks (one is offshore), two shell companies and Blancaflor. The money deposited by Blancaflor is the hot money. The loaned “clean” money is used to pay for an investment or a purchase, usually import, with the money transferred to an offshore bank of shell company A, the goods or stocks are then “sold” (presumably to the a shell company owned by himself which also maintains an offshore bank account) Blancaflor gets paid by shell company B with the “hot money”
Ellen,
Is this a scoop? Wala pa sa mga diyaryo. Halos sabay pa tayo nagpost, quadruple sandwich na yan.
I’m attending to something important now, will share later.
TonGuE-tWisTeD
napa-praning ako sa transaction that’s why a lawyer could best enlighten us, kasi it looked like awash on it’s face. on the part of the bank, interest is booked as an income kaya i was curious why they would let go it off by such a one day prepayment, di lugi sila. on the part of the Blancaflor who took out the loan, that would be an expense for sure.
generally kasi, ang pagkakaintindi ko nang money laundering is exactly what you said – one factor involves taking the money out of the country, which you said offshore.
syria,
Sana iyang mga “Shark” lenders ay kakarmahin dahil dito pa lang sa mundo ay sinusunog na ang kaluluwa nila.Sila na lang ang ipinaghahanap buhay ng mga pinautang nila.Marami ang humikayat sa akin noon pa na mag pa five six ng nasa Pinas pa ako,pero ang sabi ko sa kanila hindi tatagal ang ganyang negosyo dahil kapag hindi na makabayad ang pinautang ninyo ay tatakbo na sila o kaya’y patayin ka na lang para amanos na.Hindi sila nakinig sa akin,mga iba tinakbuhan sila,mga iba nasaksak sa galit ng hindi na nakayanang pagmumura ng may lahing bombay.
Magandang negosyo iyun sa Gapo noon dahil maraming hostes,mga milyonaya sila kapag sabay sabay dumaong ang barko.Maraming yumaman diyan at isa na si Aling Goring paybseks, pero siya ang nagpauso ng cervical cancer.Wala naman siyang asawa,bakit nagkasakit siya ng ganon ay virgin pa raw sa edad na singkwenta ng namatay sabi ni Mang Turing na kapitbahay niya sa East Tapinac.Karma siguro.
Pinauso ko na lang ang pagpapa spray ng manga ng isinarado ni Marcos ang PCC at hindi na ako ng college, pinagtatawanan ako ng tao,sira raw ang ulo ko na mamulaklak ang manga kung sprayhan ko ng tubig,pati nga iyung mga bayaran kung mga tauhan ay ayaw maniwala sa akin.Nag seminar ako sa Los Banos.Iyung pinamuhunan kong limang libo malaki na yun noon,namulaklak ang manga at namunga ng katakot takot, inayawan na ng CR,LM at L44 sa Folgueras binarat na lang sa dami,kulang ang sampung barko na pagkargahan.Nakabili ako ng bagong kotseng kuba na cash sa dealer sa Pasong Tamo Ext.Masarap pa ang tulog ko sa gabi.Ginamit ko ang sobra sa pagnenegosyo ng palay hangang sa ipinamigay ko na lang ang bigas sa mga nangangailangan at sumibat na ako, sumakay ng Pan Am na marami pang baon na dolyar na galing sa sarili kong kita, legal at hindi galing sa kurapsion.
Ang negosyo sa mailinis na paraan kapag ukol ay bubukol.Di ba Mr.Jun Lozada?
..pray for and support Maj Marcelino et al
I don’t want to sound negative, but this case won’t prosper again. Another scandal would appear to cover it up just like to all other cases in the past.
Itong link na binigay ng Reyna na METHODS AND TECHNIQUES OF MONEY LAUNDERING http://penzmosasaticikkek.blogter.hu/259535/methods_and_techniques_of_money_laundering
Naalala ko tuloy yong Ashmore-Petron-Saudi Aramco deal. Parang nabalitaan ni Tongue na ang investor sa likod ng Ashmore deal eh si fatboy pidal. Kung totoo yon eh money laundering ang ginagawa ni fatboy pidal.
http://www.malaya.com.ph/mar15/edit.htm
On Bancaflor admitting it was a loan
There are many types of loans:
1. Business or corporate loan. This type of loan requires a business plan and a collateral ( tangible personal asset)
Question: Was the loan intended to buy a business or to open a business? If not bancaflor lied.
2. Car loan: Did he buy a car? obviously not
3. Real estate loan: did he buy a house or develop a land?
4. Salary or Personal loan: the 2.6 million loan is too for a oan without a documented purpose. Any banks will not hand you the money without proper documentation according to bank’s policy.
Bancaflor could be trying to tell people that he made a loan prior to this brouhaha. He paid 500,000 first on dec 16 and another payment/deposit of over 2.6 million on december 19. The time frame of his payments/deposits is too close and beyond normal.
Both the bank and Bancaflor must provide documentation of such loan. Bancaflor must also provide financial statement ( profit and loss of business if he has one). If he doesn’t own any business , then he cannot justify the loan. Most businesses breaks even in three years.
The 2.6 million deposit can be frozen with no withdrawals allowed while under investigation. Is he?
I think Bancaflor admitted his mistake. He is not a businessman to me, therefore that money was not acquired legally and must be transferred to my account 🙂
The bank can also be held liable for accepting huge deposits without verification.
correction:
4. Salary or Personal loan: the 2.6 million loan is too BIG for a loan without a documented purpose.
Matalas ang memory mo, etcetera. Hinanting ko nang husto yang Ashmore. Bukod sa isang website na very general and non-transparent, which fund management firms aren’t supposed to be, ALL press releases in the Phil. Media always refers to Ashmore as a “company based in UK”. Pagkatapos malift ng korte yung sequestration ng pera ni Danding, eto at pati pera ng San Miguel ipinambibilina ng Energy, oil, telecoms, at large-scale farming.
Watch the current mad scramble of top businessmen selling their businesses and investing obscene amounts of money in businesses far from their traditional industries. All are connected to Malacañang. Danding Cojuangco, Noel Oñate, Eric Recto, Ricky Razon, Aboitiz Brothers, Bobby Ongpin, Jose Campos, Rogelio Serafica, etc.
Whom does this money belong to? Is it being invested here because the anti-money laundering units around the world are carefully watching money coming out of the Philippines?That’s why a plane very near Hawaii has to go back six hours to Osaka for emergency landing? Bakit matindi na naman ang jueteng, at sinisimulan nang magtayo ng isang napakalaking casino complex sa Pasay reclamation area?
Wag tayong tutulog-tulog, magiging busy na sa kampanya ang mga politiko ng oposisyon pagdating ng summer, tahimik na namang magkakamilagro baka isang araw, pag-gising natin, bandila na ng China ang nakataas sa Luneta!
ang pinakakawalanghiyang walang kahihiyan ngayon na lumalabas ay ‘yung mga dapat mag-interpret ng tamang batas.
walanghiya talaga itong mga suwitik sa department of just-tiis!
May bagong negosyo kami ngayon ni artsee, naka turban ngayon siya doon sa coffe shop.Nagpapautang kami ng 5/6.
That’s right reynz, I said it is booked as expense by the launderer because Metrobank has never been involved in the past in money laundering. The expense will eventually be deducted from taxable income. There is still a loss but what’s loose change compared to a few clean millions? A loan from Metrobank is a virtual seal of approval which Blancaflor may have thought to be an unfallible defense.
To make it clear, Metrobank did not launder the money for him, it only established that a certain amount of “clean money” is in Blancaflor’s possession. The laundering takes place when Blancaflor uses a mix or any part of both moneys to invest or buy from a dummy company representing another dummy from abroad who has foreign bank accounts who can deposit/withdraw in staggered basis until all have been cleaned and finally deposited in another offshore account which is owned by Blancaflor OR will be used as payment to Blancaflor at the time he liquidates his investment or when he sells the product. Launderers normally charge 2% commission for referrals or 5% for the whole job.
In the meantime, Blancaflor is in possession of a product or investment papers which he sells to an independent party or the dummy for value. Blancaflor collects payment for the sale which he then uses to pay off the Metrobank loan.
a 7 million loan last year making almost 3 million after a year is not realistic amidst the US and global financial crisis. bancaflor will have a difficult time to justify unless authorities will remain deaf and blind.
There is a slight difference between what was posted by Ellen and the enews on the Prepsys News regarding R. Carandang’s report on Atty. Blancaflor’s P2.6M deposit.
You can read in on this website:
http://www.prepys.com/index.php/category/philippine-news/
The differences are as follows:
1- Metrobank acct. no. of Atty. Blancaflor was mentioned in Prepsys.
2- Ricky said he was told that Blancaflor used a scheme commonly practiced in money laundering. You avail of a loan. Then pay with the “dirty money.”
R. Carandang made a mistake exposing in public Atty. Blancaflor’s Metrobank Account Number. He can be sued for that.
The laundering scheme he described in no. 2 is the simplest way to launder monies but it contradicts Ricky’s source as mentioned below.
Ricky’s source said Blancaflor availed of a loan in the amount of P2,642,187.23 also on Dec. 19, 2008. But he also deposited P2,644,438.92 on the same day.
I haven’t seen a bank that availed a big loan in just a day, and more so, paying the same loan that same day. The amount is so big that banks are required to report transactions over P500K to the AMLC. Furthermore, it is so unusual for Atty. Blancaflor to avail of a loan where the figure of P2,642,187.23 is so exact and so unusual.
Atty. Blancaflor’s statement is very conflicting since it all transactions were made December of last year.
1- he obtained a P7M loan.
2- he had a balance of P2,642,187.23 from his loan.
3- he deposited P500K on Dec. 16.
Questions that arises from the above.
1- Why did he not cancel the balance of his loan since he has P500K extra that he even deposited? He should be aware that the interest per annum of the balance might reach more or less P265K per annum.
2- Where did the P500K he deposited on Dec. 16 came from? He might have forgotten that transactions that are P500K and above are reported to the AMLC.
For Blancaflor to clear his name, he should allow the proper authorities to check on his bank accounts line what Kimpo did. If not, then it is safe to assume that he can be bribed.
syria, prepys is only quoting Ellen’s posts en toto.
asian, what do you mean after one year? It was just a few days, 2 weeks tops, “There was no deposit of P2,644,438.92 on Dec. 19. The P2,642,187.23 is the balance of a P7 million he obtained December last year.”
With an inutil AMLC, I can not blame bank employees who have the concience to expose the money laudering activities of these crooks. Investigations by the tongressmen and the senatongs (again except for a few good ones) seem to be only all “palabas” just so the people will see that they are doing something. If the trail leads to the EK, the cases are dragged, forgotten or simply tossed out!
Inutil na rin ang legislative and judiciary arms natin sa totoo lang. Puro probe ng probe kaya lang pagdating sa DOJ at Ombudsman, todo upo lang sa kaso hanggang mapaso(expired) ang kaso. Case dismissed!
Syria, i edited the post.
The PDEA-DOJ rift is a pingpong game with Gloria and Raul on both ends of the table. Remember that first, Gloria wanted all those involved investigated, then Raul appeared in the House with his mind made up against PDEA and sided with his boys he even said he will only suspend them if the NBI investigation finds the bribery charge plausible. Gloria overturns Raul and orders suspension of the prosecutors and creation of a neutral body of investigators. Raul suspends but also drags foot in the creation of the investigative panel. Gloria yesterday enjoined the police in the PNP anniversary program yesterday to help PDEA in fighting drugs and get rid or conniving officials in the justice system.
What does this tell us? That Gloria cannot fire Raul herself for reasons both of them know, and the same reasons we all suspected, too. She is a lameduck and does not control the government at all. It is the syndicate that controls her.
Off topic: Pupunta na naman sa Switzerland si bansot, ano na naman kay ang i-dedeposit o i-wiwithdraw niya dun? Each time she brings an entourage with her, dapat may bank check muna sa mga kasama, before and after.
Asian Delight, I made a typo error on when he said, he obtained the loan. It’s February last year. Not December.
Habang nag-za-zarzuela sa bribery issue, there has been no decision yet, whether to uphold the resolution of Resado or reverse it.
An MTC judge is given 30 days to decide on the merits an ejectment case after position papers have been submitted. RTC judges and Court of Appeals justices also have their deadlines, or they face administrative charges.
Ito, probable cause lang, is taking some months? Probable cause in a buy-bust operation? Ganyan ba kahirap yan? O ganyan kahirap ilusot?
How about Nani Perez? Two years to find probable cause? Daig pa ang Court of Appeals decision sa tagal. Kung sa judge nangyari yan, mayroon nang administrative charge, maybe forfeiture of some retirement benefits. Bakit walang nag-dedemanda for disbarment of Merceditas Gutierrez for dereliction of duty?
Kapag na-disbar yan, she ceases to be the Ombudsman. Hawak na rin ba ng tropa ang IBP?
Ito ang hirap sa mga Pilipino, buking na buking na magpapalusot pa. Tandaan ninyo ito mga katoto, magpapakabayani pa itong sina Blancaflor at Resado. At sigurado ako kakampihan pa sila ni Siraulo at eventually ni Evilbitch. Itong si Blancaflor daw according to my good friend who happens to be his classmate at Ateneo and a 1984 Bar passer, noong panahon nila as law student, mahilig daw talaga ito sa chicks at pasarap buhay. Kaya nga I won’t be surprised kung corrupt talaga itong damuhong ito. Dapat sa kanila bitay na panunuurin ng mundo for being example of “Justice for Sale.”
Atty, Gonzalez is pre-occupied with how to teach Marcelino a lesson and to hit back at PDEA.
Since they know it’s difficult to hit Marcelino, who enjoys high credibility and public admiration, they hit Atty. Lazaro.
asa pa ba tayong titino at magkakaroon ng pantay na pagpapairal ng batas eh eto’t ‘yung mga henyo raw sa batas ang mga numero unong hudas?
abogado, piskal, huwes, mahistrado.
kung hindi bayaran, kotongero!
aru, d’yos ko!!!!
tongue, my comments were made before the edits.
so bancaflor did not receive bribe money? and ricky made a mistake that there was no deposit?
ellen, what was the loan for? what business is he in?
Calculating amortization of the 7 million loan, with a balance of 2.6 million after 11 months, is too fast of a monthly payment. Sure we all can assume it’s money laundering but that’s beside the point because it is a problem, a public concern and a confirmation that there’s weakness of our banking system and the rule of law.
Bancaflor can be sued from violating the Rules Implementing the Code of Conduct and Ethical Standards for Public Officials and Employees.
Rule IX: Conflict of Interest and Divestment
Section 1. (a) An official or employee shall avoid conflict of interest at all times.
(b) Conflict of interest occurs:
(1) When the official or employee is:
(a) a substantial stockholder; or
(b) a member of the Board of Directors; or
(c)an officer of the corporation; or
(d) an owner or has substantial interest in a business; or
(e) a partner in a partnership; and
Rule X:
(f) Soliciting or accepting, directly or indirectly, any gift, gratuity, favor, entertainment, loan or anything of monetary value which in the course of his official duties or in connection with any operation being regulated by, or any transaction which may be affected by the functions of, his office. The propriety or impropriety of the foregoing shall be determined by its value, kinship or relationship between giver and receiver and the motivation. A thing of monetary value is one which is evidently or manifestly EXCESSIVE by its very nature.
Re: “ellen, what was the loan for? what business is he in?”
I second the question.
He said housing loan. I don’t know what business is he or his wife in.
It could be “haw siao” loan not housing loan.
Hindi pa ba nababaliw si Madam Guttierez sa dami ng kanyang iimbestigahan (meron ba?). Meron yang Northrail, ZTE, Euro Generals, Joc-Joc, hindi pa natatapos yong kinasasangkutan ng DOJ eto na naman bago DPWH. Oh my goli lahat puro tong-pats. Para na nilang ipinagbili ang ating Bansa at kanilang pinagpa-parte-partehan.
Mga kababayan ko ano pa ba ang hinihintay natin? Hintayin pa ba natin na maubos lahat ang yaman ng ating Bansa dahil lang sa mga Pesteng Yawa na mga Arroyo at ang kanilang mga TUTA’t Generals. Palagay ko mas malala pa ngayon kaysa panahon ng dating Marcos. Mga pesteng yawa talaga sila. Puweeee!!!!!
Needless to say, the reason why Gutierrez is untouchable is because she was Mike Pidal’s classmate. She was placed there to protect Pidal and his gang’s interests.
eddfajardo: Ito ang hirap sa mga Pilipino, buking na buking na magpapalusot pa.
*****
Hindi lang nagpapalusot. Worse ay iyong sinasabi pang maiintindihan daw ng Diyos, at iyong mali ay ginagawa na lang, niriretoke ‘ika nga para magmukhang tama gaya ng trabaho nitong mga pilipinong lumalabag di lang sa batas ng tao kundi pati na sa batas ng Diyos. Halimbawa ay iyong sinasabing “annulment” daw kahit sampu na ang anak para lang makapangasawa ng bago. O kaya gaya ng trabaho ng mga pilipina dito ngayon sa Hapon na para makapanuluyan ng matagal ay nagpapabuntis sa mga hapon.
Saan ka namang nakakita ng mga taong ibinabalandra pa ang mga anak sa telebisyon at inuutusang magsabing bastardo sila pero gusto nilang maging hapon kasi pangit umuwi sa Pilipinas kasi magugutom sila doon kaya nga ang mga nanay daw nila ay nagpapabuntis sa mga hapon para makapanirahan sa Japan?
Worse ay iyong nagpapabuntis sa ibang lalaki, tapos ipapaako sa isang mentally retarded na hapones. Yuck, ang sagwa di ba? Kawawa iyong anak na hindi na makakaasawa sa totoo lang dahil sino ba naman ang magkakagustong mapangasawa ang may lahing may sira sa ulo?
Iyan ang bagong racket ng mga pilipino dito ngayon, edd. Ang masagwa ay kung bakit tuwang-tuwa pa ang mga tao sa pasuguan ng Pilipinas at kasama pa ngayon sa racket na ito ayon sa isang kaibigan ko.
Ganoon na ba talaga kadesperado sa Pilipinas na kailangan ng mga pilipino na magpapakababa para lang mabuhay?
Assuming the deposit on Dec. 19 was not true, he still has to answer for the P500,000 deposit on Dec. 16 – still within the realm of possibilities that he was “fixed” before calling PDEA.
Resado signed the dismissal and deposited money on Dec. 2. The families in Alabang are worried why after 2 weeks and payment of bribes, PDEA still refused to release the Alabang Men, hence the statement, “hindi ba inayos na ang mga iyan?” by the suspect’s mother. They elevated it to Blancaflor two weeks later with “shopping money”. Blancaflor deposited it on Dec. 16.
Again, the figure P2,642,187.23 is exact which only proves that the person who provided Ricky Carandang with the report did have access to official records, Raul Gonzales, AMLC or bank officers are top suspects, they just muddled up the details to evade being pinpointed as the culprit.
The revelation however was simply used to send a strong statement to Blancaflor, Resado, and the rest. It sounds like, “Huwag na huwag kayong magkakamaling isabit ako, alam ko kung paano kayo durugin.”
It’s that simple.
“We must weed out corruption and build a strong system of justice that the people can trust. We have provided unprecedented billions for anti-graft efforts. Thus the Ombudsman’s conviction rate hit 77% this year, from 6% in 2002. We implemented lifestyle checks, dormant for half a century. Taun-taon dose-dosenang opisyal ang nasususpinde, napapatalsik o kinakasuhan dahil labis-labis sa suweldo ang gastos at ari-arian nila.”Gloria Arroyo,2007 State of The Nation Address
EQ,
Is it in the same SONA where she stole credit for bringing down the cost of text messaging by half when it was a mere promo of SMART/GLOBE? Bwahahaha!
Two top-ranking officials of the Philippine Drug Enforcement Agency (PDEA) on Tuesday claimed that high-profile drug syndicates that had been dismantled by the anti-drug agency have put up a total of P20 million for their assassination.
The agency’s chief, Director General Dionisio Santiago, and the head of its Special Enforcement Services, Marine Maj. Ferdinand Marcelino, during a chance interview said they each received a letter from the same sender dated January 15, 2009, separately saying that mercenaries are out to get them and later claim P10 million for each of their heads.
In the letters, the unknown sender said that Santiago and Marcelino’s “days are numbered.”
Santiago said that the letters came from a “Manila Central Office.”
Maryosep naman panay ang expose kuno pero wala namang nangyayari. Bakit ba? Ano ba talaga? Gusto ba talaga ng mga pilipino na malipol ang mga magnanakaw, kurakot, etc. ng bansa nila o hindi? Simpleng tanong, simpleng sagot lang naman. Pero as usual, ano nga ba naman ang gagawin ng mga senatong at tongressmen ng Pilipinas na kapareho naman ng mga sana’y huhusgahan nila. Takipan na lang sila!
Parang gusto ko na ngang maniwala kay Joma Sison na ang puede lang solusyon ng problema ng Pilipinas ay sa pamamagitan ng isang armed revolution, pero nasaan naman siya? Ni ayaw na yatang umuwi sa Pilipinas ng isa pang mukhang mokong din! 😛
Blancaflor executed a waiver on his bank account opened specifically for the loan. His waiver did not cover deposits of his other bank accounts. Smart guy.