MANILA – The National Bureau of Investigation (NBI), the Anti-Money Laundering Council (AMLC), and the Presidential Anti-Organized Crime Commission (PAOCC) have filed 87 counts of money laundering charges against former Bamban, Tarlac mayor Alice Guo and 35 other individuals. The charges were submitted to the Department of Justice (DOJ) on Friday.
The allegations involve assets amounting to approximately PHP7 billion, reportedly linked to illicit activities in Central Luzon. Those charged are accused of violations of Republic Act 9160, or the Anti-Money Laundering Act of 2001.
Among the respondents are Cassandra Ong, Shiela Guo, and executives from several companies, including QSeed Genetics, Zun Yuan Technology Inc., Hongshen Gaming Technology Inc., QJJ Farms, and Baofu Land Development Inc.
According to the complaint, the accused allegedly conducted transactions involving proceeds from unlawful activities, such as human trafficking, securities violations, and swindling.
In a statement, AMLC Executive Director Matthew David reaffirmed the agency’s commitment to safeguarding the integrity of the Philippine financial system.
“The AMLC remains dedicated to combating financial crimes and ensuring that the financial system is not exploited for criminal activities,” David said.
Justice Undersecretary Hermogenes Andres stated that the filing of charges serves as a deterrent against similar fraudulent operations in the country.
Authorities have reportedly sought assistance from the International Criminal Police Organization (Interpol) by requesting a blue notice to track Guo’s location. Officials plan to pursue a red notice once the charges progress in court. Guo is believed to be in Jakarta, Indonesia, based on current information.
The charges claim that Guo was linked to several entities, including Baofu, QJJ, and QSeed, where she allegedly played key roles in facilitating transactions and securing approvals for operations. The complaint also details the involvement of other individuals, including Guo’s relatives and business associates.
Witnesses in the case include Chinese nationals who allege they were coerced into working under fraudulent terms.
The investigation is ongoing, with officials indicating that additional charges may be filed as new evidence emerges.
Discover top stories in supply chain logistics news on The Supply Chain Report. For free tools related to international trade, visit ADAMftd.com.
#CorruptionCrackdown #MoneyLaunderingScandal #PhilippinesPolitics #JusticeInAction #FinancialFraudExposed
