Monday 19 February
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Jul 23, 2017 @ 15:25

At least nahuli: Luis Campos laments how bad people get away with white-collar crimes

 

Makati City Rep. Luis Campos Jr. said the National Bureau of Investigation (NBI) and Metropolitan Bank and Trust Co. the arrest of rogue banker Ma. Victoria Lopez before she could run off abroad.

“We are all somewhat relieved that the suspect is in the custody of the authorities, and not in a foreign territory where we might have had a problem getting her back,” Campos said in a statement.

“We’ve had a number of white-collar offenders in the past who ripped off large sums and evaded prosecution because they were able to flee the country,” said Campos, son-in-law of former Vice President Jojo Binay.

Campos cited the case of Manuel Amalilio, the brains behind the P12-billion Ponzi scheme of Aman Futures Group Philippines Inc., who bolted to Malaysia before he could be arrested here.

The Malaysian government in 2014 rejected the Philippine government’s plea to repatriate Amalilio, whose Malaysian name is Mohammad Kamal Said, a relative of the chief minister of Sabah.

Campos also cited the case of the two Chinese nationals running VIP gambling junkets in Manila and implicated in the “cyber raid” of $81-million from the Bangladesh Bank last year. After taking flight, the suspects might never be captured, Campos said.

The stolen money from the Bangladesh central bank’s account with the Federal Reserve Bank of New York was electronically diverted to the Philippines and withdrawn from a Makati branch of Rizal Commercial Banking Corp.

Lopez, a top official at Metrobak’s head office handling large corprate clients, reportedly embezzled between P900 million and P2.5 billion worth of loan proceeds transferred to her designated accounts. She was arrested July 18 or four days before the public got wind of the scandal.

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