Conclusion
7. Similar to the BDO account, I also found RCBC checkbooks, which also indicate substantial deposits to LDB accounts, which I again assume are the same LDB bank accounts indicated above.
D. Hong Kong and Shanghai Banking Corporation (HSBC)
8. Andy, likewise, has an HSBC Bank Account in Hong Kong with the
following details:
9. A mathematical computation of all these amounts would lead to the conclusion that Andy did not declare in his 2016 Statement of Assets, Liabilities and Net Worth (SALN) all of these stated amount and actually left out a substantial amount. For his latest 2016 SALN, Andy only declared a total of P176.3 million, which amount already comprises both his personal and real properties.
10. Based on these bank accounts, counsel advised me of the following:
(a) The substantial deposits and withdrawals on each of these bank
accounts were made within the last two years, and coincidentally, while Andy was already the Comelec chairman and when the 2016 national and local elections were conducted.
(b) Most of the deposits were made below the P500,000 threshold, most probably to avoid any Anti-Money Laundering Act detection.
(c) The deposits and/or withdrawals were made almost every day and as if in a distinct order.
- I find these highly questionable, given his stature as a high-ranking government official and the sensitive nature of his work in overseeing the country’s elections.
Real Properties
- Beside Andy’s bank accounts, I also discovered several properties that are under Andy’s name or purchased by him; and which properties were not declared in his SALN, as well. These real properties are as follows:
a. Phase 1, Block 10, Lot 81, Pili Road, Ayala Westgrove Heights, Silang, Cavite;
b. Units 3A/B South of Pacific Plaza Towers;
c. Unit 17A, The Suite at One Bonifacio High Street;
d. Unit 4503, Two Maridien;
e. Ayala Greenfield Estates, Phase II, Block 8, Lot 1;
f. Ayala Greenfield Estates, Phase III, Block 2, Lot 8;
g. Unit 11L, North Tower, One Shangri-La Place;
h. Unit 12L, North Tower, One Shangri-La Place ;
i. Unit 38D, North Tower, One Shangri-La Place; and
j. Parking Slot 91 and 92, One Shangri-La Place.
13. Based on my own assessment, the cumulative value of these properties at their acquisition costs is easily between P250,000,000 to P300,000,000, more or less, and definitely more than P158.5 million, the total amount Andy declared for real property in his 2016 SALN.
14. Except for the Pacific Plaza units, which are our residential homes, I have no idea of the other mentioned real properties above.
Foreign Investments and Properties
- Apart from Andy’s local properties, both personal and real, I also discovered investments abroad in the form of his interests in corporations and loan agreements as follows:
- Bauman Enterprises Ltd.—a company established in the British Virgin Islands September 29, 2010;
- Mantova International Ltd.—a company established in Brunei Darussalam on April 26, 2011; and
- Mega Achieve Inc.—a company established in Anguilla on July 15, 2014
- I previously confronted Andy about these companies, and he bluntly denied that he is involved in any way with any of them. However, it is highly suspicious why he would have copies of pertinent documents relative to such companies when he claims that he does not have any involvement with any of those. Again, these were not declared in his SALN.
There is more evidence involving other parties (sadly, some law firms) but for now:
Res ipsa loquitur! Let the evidence speak for itself.