Police, Military ‘Helped’ Syndicates Sneak In P18.7-B

Syndicates were able to sneak in dirty money amounting to 18.7 billion pesos into the Philippines with the help of some police, military, and airport security personnel, said Bureau of Customs Commissioner Rey Leonardo Guerrero.

In an emailed statement by the Department of Finance on March 2, Guerrero said the money came from two groups, one dubbed the Rodriguez group and another one run by Chinese.

According to Guerrero, the Rodriguez group brought in 10.2 billion pesos through the Ninoy Aquino International Airport between July 2019 and January 2020, while the Chinese group was able to move 8.5 billion pesos from December 2019 to January 2020.

The bureau further found that the Rodriguez group declared a company called Excellent Forex Incorporated as its recipient. Guerrero said couriers of the money are paid between 12,000 and 50,000 pesos per flight.

Source: https://www.rappler.com/business/253164-police-military-helped-syndicates-bring-in-money-philippines

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