Philippines: US Jury Indicts Napoles, Five Others for Money Laundering

No Comment 42 Views

A United States federal grand jury has indicted alleged pork barrel scam mastermind Janet Lim Napoles and five others for money laundering by supposedly funneling some $20 million in Philippine public funds in and out of the US through a “multi-year bribery and fraud scheme.”

Napoles, Jo Christine Napoles, James Christopher Napoles, Jeane Catherine Napoles, Reynald Luy Lim, and Ana Marie Lim, were charged with conspiracy to commit money laundering, domestic money laundering, and international money laundering, the US Department of Justice said on Wednesday.

The jury found that the indicted individuals, as well as around 20 Philippine lawmakers and other government officials, converted to their own benefit millions of dollars in Priority Development Assistance Fund (PDAF) and transmitting approximately $20 million of the amount into the US “to purchase assets, including real property and luxury vehicles,” the Justice department noted in a statement.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions