• ‘Central bank, AMLC execs must resign’

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    Duterte says ‘I will treat you as drug addicts’

    PRESIDENT Rodrigo Duterte on Thursday told officials of the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) to resign, claiming they were playing politics and hampering the government’s anti-corruption efforts.

    In remarks after signing the 2017 national budget, Duterte described the BSP and AMLC officials as a bunch of crooks who were still “hungry” for money despite their fat salaries, but did not name names.

    “I’m going to charge all of you there, criminally. I’ll count one to three, and if you don’t resign, I will treat you as a drug addicts,” he said.

    “You guys there are all corrupt, bantay kayo sa akin [I’ll keep an eye on you]. I will bring you down. [BSP Governor Amando Tetangco Jr.] is about to retire. Better prepare there because I’ll give you a whack. You are all, you are all corrupt and serving [a]master. You are not supposed to engage in politics, God damn it,” the President said.

    Duterte even threatened to transfer the country’s monetary reserves to overseas banks.

    “You are paid you to do your job. If you cannot do your job, get out from that office because I’ll transfer to the
    Bank of China. They have more money. Your money is nothing. Or Bank of America, when we get, when I get to shake the hands of [US President-elect] Donald Trump,” Duterte said.

    Justice Secretary Vitaliano Aguirre 2nd clarified that Duterte was only asking for the resignation three AMLC officials, two of them embattled Sen. Leila de Lima’s “fraternity brothers.”

    “The President was referring to the people implementing the law. The one in the office of the executive director, the deputy, and the head of investigation,” Aguirre told reporters in a chance interview in Malacañang.

    The AMLC’s executive director is lawyer Julia Bacay-Abad, who is assisted by lawyers Ruel Bumatay and Ma. Rhea Santos-Mendoza. The agency’s compliance and investigation group is headed by Vencent Salido, also a lawyer. Roland Villaluz, another lawyer, heads the legal services group.

    The higher-level council is composed of Tetangco, Securities and Exchange Commission chief Teresita Herbosa, and the head of the Insurance Commission, a vacant position as its erstwhile head, Emmanuel Dooc, has been named president of the Social Security System.

    The Department of Justice (DOJ) has been requesting from the AMLC documents for its investigation into drug-related transactions involving de Lima, who is accused of getting protection money from drug syndicates in the New Bilibid Prison.

    Aguirre has complained that while the DOJ had received documents from AMLC, these were incomplete.

    In contrast, bank records of personalities targeted by the previous Aquino administration—the late chief justice Renato Corona and former vice president Jejomar Binay—had been leaked to the media.

    This was not the first time the President lashed out at the BSP and AMLC.

    President Duterte on November 14 hit the BSP and AMLC for being “hard to deal with” and for protecting money launderers.

    “The Secretary of Justice now says that you are hard to deal with. You better go to the Secretary of Justice or I will go to you. I will call for you and you have to answer so many questions to me,” the President said in remarks during the 80th founding anniversary of the National Bureau of Investigation last month.

    The President also challenged the BSP and the AMLC to explain why they did not look into reports that he had P211 million in bank accounts, which he supposedly did not declare in his statement of assets, liabilities and net worth.

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    14 Comments

    1. The whole world knows what happens to labeled “drug addicts” by this senile leader. This is purely harassment and the dummy DOJ Sec is scared to death to even simply address the threat issued by the senile “president”. The whole nation is living in fear from this administration. This must be the changed that he promised.

    2. Fire them and locked them up Mr. Pres.all this yellow thieves, their are who are making comment here I just hope you all are not part of the thievery in the past. you theves your days are over…. no place to hide the Pres is very angry.

      Better get your one way ticket out of the country…

    3. Pres. Duterte is most definitely in the right track. The BSP and the AMLC are entities which should be overhauled and its erring officers fired. The ones who say otherwise as appearing in this page no doubt have vested interests. But we, the people are watching and we know of the corruption in the BSP. The sooner those officers are dismissed, the better.

    4. go go go go go tatang digong.. remove these leech people of abnoy administration and persecute them liable for corrupt and money laundering scheme..mga magnanakaw ang lalaki ng sweldo ng mga hinayupak na iyan…samantalang ang ating mga manggagawa parang nagpapalimos pa sa hayop na administration ni abnoy lunatic…prosecute them and hang them at the pulic plaza …

    5. politics set aside, bsp/amlac is protecting some personalities from the yellow group. tama lang pagsisibakin ni pres. duterte ang mga iyon. mga elitista lang ang nagagalit sa mga patama ng presidente laban sa mga taga amlac/bsp na nahalatang may kinikilingan. itong ganitong klaseng elitista ang dapat buwagin para umunlad bansa natin.

    6. Socrates Rodrigo on

      Abad and company are there to provide bank account details of enemies of Noynoy. To allow money laundering of criminals like those from RCBC. Is it any wonder why this country is in such a deep mess and considered a capital of all sorts of transnational crime.

    7. What a halfwit.
      Look at him, choking on his own semi-literate ramblings as he tries, in vain, to articulate a basic thought.

    8. Duterte again is showing what he is every well known for. He is acting like an INSANE FENTANYL addict. The man continues to exhibit psychopathic symptoms.

    9. No upstanding citizen should serve under this abusive president. There are others out there that will do his bidding (lawful or unlawful).

    10. The president also challenged the BSP and the AMLC to explain why they did not look into reports that he had P211 million in bank accounts, which he supposedly did not declare in his statement of assets, liabilities and net worth.

      so give the bank your written permission to issue to AMLC your bank transactions for 10 years para mag kaalaman na! lol