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MANILA - A man allegedly used by Vice-President Jejomar Binay as his front for supposed hidden financial deals transferred P2 billion in a single day in September 2010, according to the Anti-Money Laundering Council (AMLC).
Documents submitted by the AMLC to the Court of Appeals reveal that Binay had several joint accounts with Gerardo Limlingan, who was identified by former Makati Vice-Mayor Ernesto Mercado as Binay's alleged dummy.
The AMLC said the joint accounts transferred dollar funds from a local bank to several banks in Canada from 2013 to 2014 in the amount of US $43,000, $35,000, and $45,000.
In a separate account belonging to Limlingan, the AMLC noted bank transfers were also made to a Canadian bank amounting to $20,000, $73,000, and $51,000.
In either joint or individual accounts of Binay and Limlingan, the AMLC monitored transactions of $330,000, $250,000, and $317,000 -- and deposits and withdrawals that amount to more than P3.5 billion from 2008 to 2014.
Court records show that Limlingan reported his income of P30,000 in 2011 and 2012, but the AMLC's report on his bank deposits and investments show billions of pesos worth of transactions.
These include a P2-billion transaction in just one day in September 2010.
There were also two separate entries of P500 million each for a trust fund several months later.
Limlingan also had a joint account with Eduviges Baloloy, another alleged Binay dummy and an employee of Makati City Hall.
Records show Limlingan and Baloloy's accounts had about P1.8 billion deposits and investments in several financial institutions.
But the AMLC said, when the Senate started investigating the Makati Parking Building 2, Limlingan, Baloloy and other alleged dummies began to withdraw huge amounts of cash and sell invested funds and securities.
More than P3 billion worth of deposits and investments were allegedly either withdrawn, encashed or sold starting August 2014 by Limlingan and Baloloy alone.
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