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Hse believes drug syndicates use POGOs for money laundering
By Nidz Godino
"It seems drug lords launder their money through POGOs… could be direct link between POGOs and drug syndicates," Rep. Robert Ace Barbers, chairman of House committee on dangerous drugs, told reporters at news briefing in Pampanga House of Representatives believes drug syndicates in the country use illegal Philippine offshore gaming operators (POGOs) to launder dirty money, as proven by series of investigations among several committees. "Why did I say that…because there are registered corporations whose incorporators are same incorporators of owner of warehouse where P3.6 billion worth of drugs were seized in 2023," he pointed out.According to Barbers, this simply means Empire 99 owns prohibited drugs in Mexico, Pampanga have similar "associates" with those in POGOs, where they have "same set of incorporators." "So, their interlocking incorporators is our link that they may be involved in illegal POGO operations, and this goes directly to businessman Michael Yang, whose brother remits money to POGO in Bamban, Tarlac," he explained further.Fernandez presented detailed matrix linking several Chinese nationals, including Yang, to both alleged illegal POGO activities and drug operations.He revealed Yang's brother, Hong Jiang Yang, is "incorporator" of Paili State Group Corporation, along with Rose Nono Lin and "Hong Ming Yang," believed to be Chinese name of Michael Yang.Fernandez then drew attention to findings of Anti-Money Laundering Council involving suspended Bamban, Tarlac Mayor Alice Guo. Fernandez further explained links between Yang's brother was established after having transactions with Guo totaling about P3.3 billion.Origin and destination of all these funds still "remain unclear" to this day."Come to think of it, Mayor Guo's transactions alone reached P29 billion in her 36 accounts…so, how much more other bank accounts of these other personalities?" Fernandez asked, emphasizing scale of billions of pesos in financial transactions among suspected drug traffickers.Barbers, along with chairman of House committee on public order and safety Sta. Rosa Rep. Dan Fernandez, Senior Deputy Speaker Aurelio Gonzales and several others, joined Speaker Martin Romualdez in inspecting raided POGO hubs in Tarlac and Pampanga. Romualdez will help Philippine Amusement and Gaming Corp. shut down POGOs with whatever legislation may be required.
"It seems drug lords launder their money through POGOs… could be direct link between POGOs and drug syndicates," Rep. Robert Ace Barbers, chairman of House committee on dangerous drugs, told reporters at news briefing in Pampanga House of Representatives believes drug syndicates in the country use illegal Philippine offshore gaming operators (POGOs) to launder dirty money, as proven by series of investigations among several committees.
"Why did I say that…because there are registered corporations whose incorporators are same incorporators of owner of warehouse where P3.6 billion worth of drugs were seized in 2023," he pointed out.
According to Barbers, this simply means Empire 99 owns prohibited drugs in Mexico, Pampanga have similar "associates" with those in POGOs, where they have "same set of incorporators."
"So, their interlocking incorporators is our link that they may be involved in illegal POGO operations, and this goes directly to businessman Michael Yang, whose brother remits money to POGO in Bamban, Tarlac," he explained further.
Fernandez presented detailed matrix linking several Chinese nationals, including Yang, to both alleged illegal POGO activities and drug operations.
He revealed Yang's brother, Hong Jiang Yang, is "incorporator" of Paili State Group Corporation, along with Rose Nono Lin and "Hong Ming Yang," believed to be Chinese name of Michael Yang.
Fernandez then drew attention to findings of Anti-Money Laundering Council involving suspended Bamban, Tarlac Mayor Alice Guo.
Fernandez further explained links between Yang's brother was established after having transactions with Guo totaling about P3.3 billion.
Origin and destination of all these funds still "remain unclear" to this day.
"Come to think of it, Mayor Guo's transactions alone reached P29 billion in her 36 accounts…so, how much more other bank accounts of these other personalities?" Fernandez asked, emphasizing scale of billions of pesos in financial transactions among suspected drug traffickers.
Barbers, along with chairman of House committee on public order and safety Sta. Rosa Rep. Dan Fernandez, Senior Deputy Speaker Aurelio Gonzales and several others, joined Speaker Martin Romualdez in inspecting raided POGO hubs in Tarlac and Pampanga.
Romualdez will help Philippine Amusement and Gaming Corp. shut down POGOs with whatever legislation may be required.
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