NATIONAL
Advocates Philippines
Dismissed Mayor Alice Guo And Associates Face Money Laundering Charges
Photo credit: PAOCC
In a significant move against organized financial crime, the National Bureau of Investigation (NBI), in collaboration with the Anti-Money Laundering Council (AMLC) and the Presidential Anti-Organized Crime Commission (PAOCC), has filed serious money laundering charges against former Bamban, Tarlac Mayor Alice Guo, Cassandra Li Ong, and 34 other individuals. These individuals are linked to companies like Hongsheng Gaming Technology, Baofu Land Development Inc., and Zun Yuan Technology Inc.
The charges, filed under multiple sections of R.A. No. 9160 or the Anti-Money Laundering Act, are not just another legal matter but a culmination of painstaking investigations. Authorities have meticulously combed through what they describe as "braids of lies" woven by the respondents, uncovering a web of illicit financial activities.
On August 30, 2024, these cases were officially submitted to the Department of Justice in Manila. The implications are far-reaching, with this case potentially shedding light on broader issues of financial crime and corruption linked to high-profile individuals and companies.
As this legal drama unfolds, all eyes are on the Department of Justice to see how it will proceed with the cases that could have significant repercussions for those involved. Stay tuned for further developments.
The charges, filed under multiple sections of R.A. No. 9160 or the Anti-Money Laundering Act, are not just another legal matter but a culmination of painstaking investigations. Authorities have meticulously combed through what they describe as "braids of lies" woven by the respondents, uncovering a web of illicit financial activities.
On August 30, 2024, these cases were officially submitted to the Department of Justice in Manila. The implications are far-reaching, with this case potentially shedding light on broader issues of financial crime and corruption linked to high-profile individuals and companies.
As this legal drama unfolds, all eyes are on the Department of Justice to see how it will proceed with the cases that could have significant repercussions for those involved. Stay tuned for further developments.
Aug 30, 2024
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