Wednesday, September 13, 2017

Trillanes's waivers are useless - President Duterte

Photo from PhilNews (ctto)

Manila, Philippines - On Monday, Senator Antonio Trillanes IV threatened to file libel cases against pro-Duterte supporters like Mocha Uson who posted “fake news” about his alleged foreign bank accounts.

The news was that, Trillanes has bank accounts with Nova Scotia and Hongkong Shanghai Bank - which according to Trillanes were non-existent. 

Following the allegations against him, Trillanes has filed 12 waivers allowing investigation of the supposed bank accounts.

Meanwhile, on Tuesday, President Rodrigo Duterte said that he would not indulge Trillanes.

“If you want to get evidence, don’t get it from my mouth. If Trillanes wants to find something of fault with me, tell him, go somewhere else and fly a kite. Even if it is true or false, why would I give him the pleasure?” The president said after visiting a soldier’s wake.

“If he wants to look for something, then he should go looking around. Why would he drag me into it? I had to go lengths, appeal to contacts [to get his bank records]. And I think if I were not the President. I would not be able to get that,” he added.

President Duterte then said that Trillanes’s waivers were useless and will not allow the Ombudsman and the Anti-Money Laundering Council to examine his bank accounts.

“Even if he signed a waiver, if the co-signer does otherwise, it’s useless. The bank would never, never name who is the partner. But we have obtained his bank records, a foreign government supplied that,” says the president.

The president also claimed that Trillanes has split the money into several bank accounts to avoid problems.

Under the Bank Secrecy Law, “deposits of whatever nature with banks or banking institutions in the Philippines, including investments in the bonds issued by the Government of the Philippines, its political subdivisions and its instrumentalities, are hereby considered as of an absolutely confidential nature and may not be examined, inquired or looked into by any person, government official, bureau or office, except upon written permission of the depositor.” 

Whereas the exemptions to the said confidentiality include cases of impeachment and for cases where the money deposited is subject for investigation.

On the other hand, Chief Presidential Legal Counsel Salvador Panelo explained that the waiver of Duterte which he signed during the 2016 campaign after Trillanes accused then Davao ity Mayor of keeping 2 billion deposits still stands valid.

Source: Manila Times