CA freezes shabu market operator's bank accounts

Friday, December 29 2006

National
The Court of Appeals (CA) on Friday put on "freeze order" the bank accounts of arrested shabu market operator Amin Imam Boratong and his wife Shieryl Molera.

In a four-page resolution of the CA Special Second Division, it approved the petition of the Anti-Money Laundering Council (AMLC) seeking a "freeze order" on the five bank accounts of Boratong at the Equitable PCI Bank and Planters Development Bank in the account name of Godofredo Medenilla.

Medenilla is the bank manager of PCI Bank Dr. Sixto Avenue, Kapasigan Branch located in Pasig City.

Medenilla was earlier identified as Jeffrey Medina and later turned out to be Godofredo, who is a bank manager of Equitable PCI Bank.

It was gathered that Medenilla was receiving the amount of P50,000 a month from Boratong.

The resolution penned by Associate Justice Ricardo Rosario said the "freeze order" will take effect in 20 days beginning today.

Initial investigation of the AMLC revealed that the bank accounts of Medenilla in the said two banks may possibly be the depository banks of the proceeds of the illegal drug trafficking activities of the Boratong couple and their cohorts.

According to the CA, there was sufficient probable cause to believe that the said bank accounts of Medenilla are connected in the illegal activities of the Boratong group.

Aside from the said two bank accounts, other deposits and investments of Boratong and Medenilla were also freezed in connection with the undergoing investigation. (PNA)


http://news.balita.ph/html/article.php/20061229203302263