Halister News

(Bloomberg) -- Anti-Money Laundering Council filed criminal complaint at DOJ against 2 more people in connection with $81m stolen funds from Bangladesh reserves, according to copy of complaint.

• Named respondents were Kam Sin Wong alias Kim Wong and Weikang Xu, who were said to have received part of funds, according to complaint, citing investigation and testimonies at Senate hearing last wk
• Wong, president and general manager of Eastern Hawaii, received 1b pesos from remittance co. Philrem on Feb. 10 and Feb. 11, council says, citing probe; Wong withdrew total of 1.3b pesos from PNB accounts from Feb. 10 to Feb. 26 that have since been frozen: complaint
• Philrem transferred $30.6m to Chinese national Xu from Feb. 5 to Feb. 13, according to complaint, citing testimony given at Senate hearing
• Philrem President Salud Bautista was at hearings last week and charges against Xu were based on her testimony
• Wong and Xu could not be reached to comment on allegations
• NOTE: Wong willing to face accusers, his lawyer Victor Fernandez told senators on March 17 Link
• NOTE: Philippine Anti-Laundering Agency Says Heist Action Wasn’t Slow Link
• NOTE: Council filed laundering complaint vs Rizal Bank manager Link
• NOTE: How $81 Million Slipped Through Philippine Cracks: Timeline Link