SEN. Richard Gordon on Tuesday bared that since September 2018, at least 47 Filipinos and Chinese had laundered over $447 million or P22.69 billion in “dirty money” into the country. Gordon said that based on his research, the dirty money came from Hong Kong, Singapore and Bangkok, Thailand. This was supposedly declared to be used in foreign exchange, investment, travel and casino, business and travel. He said that the money brought in by the Chinese were being laundered in casinos here. “The total amount brought in by the Chinese individual was $210 million or P10.6 billion (46.98 percent of the total amount),” he said.

Source: Manila Times March 03, 2020 17:19 UTC