MORE: Philippines Seeks to Recover Bangladesh Funds From Casinos
(Bloomberg) -- Anti-Money Laundering Council seeks to recover from casinos portion of $81m funds stolen from Bangladesh central bank, Executive Director Julia Abad says at Senate hearing in Manila.
- Council to file civil forfeiture case to recover funds from casinos, junket operators and return to Bangladesh: Abad
- Senator Bam Aquino asks Bloomberry, Midas Casino and junket operators if they’re willing to return gambling profit from stolen Bangladesh reserves
- Bloomberry lawyer Silverio Benny Tan says it will be a management decision; Bloomberry owns Solaire casino
- Midas Hotel & Casino lawyer Katrina Nepomuceno says profit has been divided with junket agents for commissions, while portion was remitted to gaming regulator
- Lawyers of junket operators SunCity, Gold Moon say they will explain options to clients, who were not at the hearing
- NOTE: Network of 19 Gamblers to Be Focus of Philippine Heist Hearing Link
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers BLOOM PM (Bloomberry Resorts Corp)
People Julia Bacay-Abad (Anti-Money Laundering Council)
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