The man who was once in charge of recovering the Marcoses’ illegal wealth was found to be keeping a shell account in the British Virgin Island that held a bank account in Singapore.
Former Presidential Commission on Good Government (PCGG) chairman Andres Bautista was one of the Filipinos found to be keeping at least one offshore account, according to the so-called Pandora papers released Monday (October 4).
Bautista told the International Consortium of Investigative Journalists (ICIJ) which analyzed the documents that he created the shell company on the advice of bankers.
“The bank account was opened before he joined the government, he said, adding that it never received significant deposits and that he disclosed his interests to authorities. He denied wrongdoing and said there are no formal charges against him,” the ICIJ wrote.
Bautista, who also headed the Commission on Elections from 2015 to 2017, fled to the United States after his estranged wife accused him of having P335 million in local and foreign bank accounts which were not indicated in his Statement of Assets and Liabilities.
The post Shell companies in British Virgin Island found: Ex-PCGG chief Andres Bautista learns from best in hiding wealth first appeared on .Source: Latest Politics News Today (Politics.com.ph)
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