Not just campaign goodies: Source of Binay personal funds a puzzle

Slide1Take away alleged dummy accounts. Take away alleged payments to Canadian market research firms in 2013 and 2014. Take away the excess campaign contributions.

Ranged against his Statements of Assets and Liabilities and Networth (SALNs), Vice-President Jejomar Binay’s bank deposits and withdrawals, listed in the Anti-Money Laundering Council (AMLC) report that formed the basis of the May 11 Court of Appeals freeze order, raise awkward questions.

The SALNs from 2006 to 2013, from his days as mayor of the country’s financial district to his current post as the country’s second highest official, Binay and his wife Elenita, disclosed their cash assets:

Binay Cash Assets
2006      3,293,307.97
2007      1,511,766.49
2008      1,325,195.58

2009         806,000.00

2010     17,000,000.00
2011     21,339,723.79
2012     22,579,259.00
2013 28,783,088.00

‘Binay-Limlingan joint accounts used for campaign funds’

Posted at 05/18/2015 10:39 AM | Updated as of 05/18/2015 2:11 PM

MANILA – Makati Rep. Abigail Binay on Monday admitted that her father, Vice President Jejomar Binay, has joint accounts with businessman and alleged dummy Gerry Limlingan.

Speaking to ANC’s Headstart, Binay explained that the joint accounts were set up in order to manage her father’s campaign finances during the 2010 elections.

According to Rep. Binay, there was P221 million that went into the two accounts in BDO and Metrobank. She said this was fully disclosed.

Can Binay explain all the multi-million bank transactions?

Posted at 05/17/2015 8:07 PM

THE political temperature is fast rising for Vice President Jojo Binay.

The man who once collected slop for his uncle’s piggery to raise money for his schooling now faces his most serious political crisis over allegations of having unlawfully accumulated millions of pesos, with no less than the Anti-Money Laundering Council (AMLC) joining the pack to get him to explain it.

 AMLC says Binay ‘dummy’ moved P2 billion in one day   WATCH VIDEO HERE

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