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Thursday, December 8, 2016

The RNC Is Hosting Its Christmas Party This Year At Donald Trump's Hotel


The Republican National Committee will host its Christmas Party this year at the Trump International Hotel in Washington, D.C., the newest property of its newfound leader.
The event, which two GOP sources confirmed to The Huffington Post, is said to be a more exclusive and celebratory affair this year owing to the unexpected election victories enjoyed by the party this November. But in moving the proceedings to Donald Trump’s downtown D.C. hotel, which only opened this past fall, the committee risks furthering the perception that the president-elect is leveraging his newfound political power for private gains.
Trump has yet to announce his plans for handling or transferring his vast business empire once he takes office. But the New York Times reported on Wednesday night that Trump plans to step down from his post while still maintaining a stake in the company.
Such a move will likely leave critics and concerned politicians and observers unsatisfied about potential conflicts of interest. Already, there have been complaints that Trump has carelessly ― if not unethically ― intermingled his business and political affairs. Those first surfaced during the campaign, when he spent millions on his own plane and property, and extended to the first weeks of the transition as he made various calls to foreign officials who resided in countries where the Trump Organization does business.
His hotel in D.C. has been a focus of controversy too. 
Earlier this week, the conservative Heritage Foundation hosted a reception there featuring Vice President-elect Mike Pence. Foreign diplomats, meanwhile, have said they feel pressure to stay at the Trump International while in town, if only because staying elsewhere would send a bad signal to the incoming administration.
Source: Huffington Post

Wednesday, September 14, 2016

The Honest Trailer For 'Captain America: Civil War' Proves It's Basically The Same As 'Batman V Superman'

Honest Trailers is back to break your heart. This time, the Screen Junkies crew is here to poke, prod and tear apart this year’s comic book movie darling, Captain America: Civil War. Honest Trailers wants to remind moviegoers that hated Batman V Superman and loved Civil War that they’re basically the same movie (except one wasn’t directed by Zack Snyder).
The most damning line, for all comic book movies, comes about a third of the way through: “C’mon, you think there’s be lasting stakes? This is Marvel we’re talking about.”
And so, the connections to Captain America: Civil War and Batman V Superman start flowing freely. There’s that non-super powered villain that seems to be playing puppetmaster with all the bad stuff going on in the world. There are the billionaire playboys who lead secret double lives and wear impressive suits that allow them to be more than just men — those suits allow them to be Supermen*!
And there are heroes fighting heroes because one hero doesn’t like how the other hero operates so then they face off.
Captain America: Civl War
Captain America: Civl War
Disney
giphy-3
giphy-3
Warner Bros.
It’s a tight argument and one that cannot be ignored.
*These suits do not allow them to be Superman, who just so happens to wear a suit to cover up his suit during the day, while Bruce Wayne and Tony Stark wear suits then change into other suits that in turn allow them to be supermen**.
**But not Superman.
Previous honest game trailers:

Duterte orders US advisers out of southern Philippines

Philippine President Rodrigo Duterte cites accounts of US troops who killed Muslims during the US's occupation of the Philippines in the early-1900s
President Rodrigo Duterte ratcheted up his feud with the United States on Monday, ordering all American special forces out of the southern Philippines where they have been advising local troops battling Muslim extremists.
Duterte's order came a week after he called US President Barack Obama "a son of a whore", causing Obama to cancel their scheduled bilateral meeting at a summit in Laos.
The Filipino leader, the first to hail from the south and who claims Muslim ancestry, has been stepping up efforts to bring peace to the southern Philippines, where decades-long insurgencies with Muslim and communist rebels have claimed more than 150,000 lives.
Last month he restarted peace talks with the largest separatist group, the 12,000-strong Moro Islamic Liberation Front (MILF), which like others has been fighting since the 1970s for an independent Islamic state or autonomous rule.
US advisors in the area help train Filipino troops but are barred from engaging in combat except in self-defence.
Previously, about 500-600 US personnel rotated through the Mindanao region but in 2014, then-defence secretary Voltaire Gazmin said this would be cut back to 200.
Duterte did not specify when or how many Americans would be expelled but said the Philippines alignment with the West was at the root of the persistent Muslim insurgency.
"These US special forces, they have to go in Mindanao," he told a gathering of government employees.
"The (Muslim) people will become more agitated. If they see an American, they will really kill him."
The Pentagon said it was aware of Duterte's statements but had not been contacted by authorities on the issue.
"We will continue to consult closely with our Filipino partners to appropriately tailor our assistance to whatever approach the new Administration adopts," Pentagon spokesman Gary Ross said.
The United States is Manila's main military ally and the Philippines' colonial ruler until 1946. In his speech, Duterte showed photographs and cited accounts of how US troops killed Muslims during America's occupation of the Philippines in the early-1900s to explain his decision.
Duterte's spokesman Ernesto Abella said that "the statement reflects (President Duterte's) new direction towards coursing an independent foreign policy".
The Filipino leader also hit out at Obama and UN Secretary-General Ban Ki-moon for criticising his bloody crackdown on crime that has claimed 3,000 lives in a little over two months.
"This Obama, when you accuse me of killing... let he who is without sin, cast the first stone," he said.
In a brief encounter in Laos, Obama urged the Filipino leader to conduct his war on crime "the right way" and protect human rights, but Duterte has said it is none of America's business.
Source: (Link)

Tuesday, April 19, 2016

Queen marks 90th birthday, as popular as ever

April 19, 2016

Queen Elizabeth II will celebrate her 90th birthday on April 21, 2016, with a family gathering and a cake baked by a reality television star, as a new poll finds Britain's longest serving monarch is as popular as ever
Queen Elizabeth II celebrates her 90th birthday on Thursday with a family gathering and a cake baked by a reality television star, as a new poll finds Britain's longest serving monarch is as popular as ever.
The queen has reigned for more than 63 years and shows no sign of retiring, even if she has in recent years passed on some of her duties to the younger royals.
A new poll suggests the British public want it to stay that way, with 70 percent saying she should reign for as long as possible, the highest proportion since 1981.
Support for the monarchy remains high at 76 percent, according to the Ipsos-Mori poll for King's College London.
"The queen is hugely popular, she is liked personally and is felt to have done an excellent job," Roger Mortimore, a professor at the Institute of Contemporary British History at King's College London, told AFP.
Thursday's celebrations will be low-key, with the main public events, including a military parade and lunch for 10,000 guests on The Mall outside Buckingham Palace, taking place as part of her official birthday celebrations in June.
With her husband Prince Philip, she will meet members of the public near Windsor Castle, her weekend residence, before lighting the first of a chain of beacons stretching across Britain and its overseas territories.
At an event in Windsor's town hall, the queen will be presented with a cake baked by Nadiya Jamir Hussain, the winner of the "Great British Bake Off", a hugely popular television cooking competition.
The Muslim mother-of-three will present the orange drizzle cake, with orange curd and orange butter cream, to the queen personally -- a prospect she said has left her "so nervous I can't even look at the oven".
The queen will also attend a family birthday dinner organised by her heir Prince Charles, emphasising her role as the head of four generations of the House of Windsor.
Charles and his son William are increasingly taking over the queen's duties, although she still carried out 393 engagements last year, including state visits to Malta and Germany.
William, who with his wife Kate and two young children has brought fresh energy to the royals, paid tribute to the matriarch he and his brother Harry describe as "the boss".
"I am incredibly lucky to have my grandmother in my life. As she turns 90, she is a remarkably energetic and dedicated guiding force for her family," William said.
- Lunch with Obama -
The queen has seen 12 prime ministers pass through Downing Street since she ascended to the throne in 1952, meeting them once a week at the palace and still receiving daily updates of the workings of parliament.
Conservative Prime Minister David Cameron will pay tribute to the monarch in parliament on Thursday, while US President Barack Obama will also pay his respects when he joins the queen for lunch at Windsor on Friday.
The queen is widely viewed as a constant and stabilising presence in a turbulent world, a status she has cultivated by refusing to make public her personal views.
Her determination to remain above politics has come under pressure ahead of Britain's EU referendum on June 23, after a newspaper reported that she favoured a vote for Britain to leave the 28-nation bloc.
The claim in The Sun, under the headline "Queen backs Brexit", prompted a rare and strongly worded denial from Buckingham Palace, emphasising that she has and will always be politically neutral.
In September last year, the queen broke Queen Victoria's record to become Britain's longest reigning monarch, but played down the achievement, saying it was "not one to which I have ever aspired".
"Inevitably, a long life can pass by many milestones. My own is no exception," she said.

Sunday, April 10, 2016

Pacquiao's final fight shows evolution of a legendary fighter

by: JM SIASAT

Photo by: Askmen.com
Manny Pacquiao once again dazzled the boxing world in his farewell performance against former two-division world champion Timothy Bradley, Saturday night (Sunday morning PHL time) at MGM Grand in Las Vegas, Nevada.

Pacquiao, 37, proved that he's still capable of beating young elite fighters despite his age. The fight did not end with a knockout, but the Filipino ring icon managed to showcase in this fight how he evolved as a fighter throughout the years.

The Pacquiao that fans came to love was the young, fast and strong pugilist who spit fire and shot from all cylinders right from the opening round. After 66 fights in the professional boxing arena, it would it be horribly unfair to ask and expect the same from Pacquiao, who is now in his late 30s.
Pacquiao is past his prime, and after suffering a knockout loss against his Mexican archrival Juan Manuel Marquez in 2012, he knew that he had to retool and use a more calculated approach moving forward. While his trademark speed seemed to have diminished throughout the years — an observation shared by his trainer Freddie Roach — Pacquiao still managed to mix and utilize his speed, unorthodox combination punching and lateral movements when inside the ring.

Pacquiao was patient in his third fight with Bradley. He could've gone ahead and attacked without remorse from the opening round given that Bradley isn't much of a power puncher, but Pacquiao instead took his time, set up his punches, and waited for the right opening before unleashing his combinations.

Throughout his career, Pacquiao always had trouble dealing against a right-straight on top.
Opponents who land a big punch against the younger Pacquiao would usually have to brace for an all-out attack from the Filipino — which wasn't always a good thing for Manny.

In his three fights against Bradley, however, Pacquiao refused to be taken over by his emotions when he got hit. He stuck to the game plan even after taking a few hard ones from his opponent.
He did not waste energy, and knowing that he's ahead on the scorecards, Pacquiao seemingly took some minutes off to preserve his stamina.

It's rare for an offensive boxer to figure out other ways to fight toward the end of his career, but Pacquiao managed to do just that before calling it a day. After spending yet another twelve rounds inside the ring against Bradley, Pacquiao rightfully emerged victorious winning by a unanimous decisions with all three judges scoring it 116-110.

Pacquiao's legacy was set in stone even before this fight. With or without a third bout with Bradley, the Filipino boxing icon is a surefire future entrant to the boxing Hall of Fame. The first fighter in history to win titles in eight different divisions, Pacquiao would also join the likes of Sugar Ray Robinson, Henry Armstrong, Muhammad Ali, Willie Pep, Sam Langford and many more in boxing's immortal all-time greats list.

Boxing history has always been kinds to its fighters; it doesn't penalize Roberto Duran's career for quitting in his second fight against Sugar Ray Leonard, nor does it penalize Leonard's career for getting stopped by Hector Camacho in his last bout.

At the end of the day, history highlights a fighter's in-ring exploits instead of their business outside the ring. Pacquiao has had his fair share of controversies outside the boxing arena, but suffice to say, history books would be more than kind to him when his full story is finally written.

Saturday, April 9, 2016

Manny Pacquiao promises action as finale nears

by AFP
April 9, 2016

Manny Pacquiao (L) and Timothy Bradley Jr. (R) pose during their final news conference at the MGM Grand Hotel & Casino Wednesday April 6, 2016 in Las Vegas, Nevada. (AFP PHOTO / John GURZINSKI)

The 37-year-old Filipino boxing superstar takes on long-time rival Tim Bradley in Las Vegas on Saturday (Sunday, Philippine time) in what he says will be his final fight before retiring.

Pacquiao and Bradley squared up to each other before a raucous crowd of a few thousand fans at the MGM Grand Garden Arena on Friday for the weigh-in, with both men well within the 147-pound limit.

Pacquiao tipped the scales at 145.5 pounds, half a pound heavier than his weight for his last outing 11 months ago, his money-spinning mega-fight against Floyd Mayweather.

Bradley, 33-1-1, was a pound heavier at 146.5.

Pacquiao, 57-6-2, has made no secret of his desire to crown his career with an explosive display against Bradley, who has taken him the distance twice before.

“Expect more action that the last fights we had,” said Pacquiao, who plans to concentrate on a political career in the Philippines when he retires.

Bradley meanwhile, who beat Pacquiao via a deeply controversial split decision in 2012 before losing the rematch, looked in formidable shape as he stripped down for the cameras.

The 32-year-old from California shrugged off catcalls from the largely pro-Pacquiao crowd, telling the audience: “I think there’s going to be a lot of disappointed fans tomorrow night.”

Pacquiao, who earned a staggering $150 million from his defeat to Mayweather last year, will bank another $20 million purse for Saturday’s bout.

Although he has stated it is last fight, he has pointedly declined to definitively rule-out a return to the ring.

- National hero -

“I cannot say that I’m not going to come back,” Pacquiao said this week, explaining that his mindset may change once he faces up to life without the sport that has made him fabulously rich and a national hero.

“I don’t know how I’ll feel when I hang up my gloves,” he added.

Those closest to Pacquiao, including his long-time trainer Freddie Roach and the veteran promoter Bob Arum, believe he may yet return.

Arum said Pacquiao could be persuaded to prolong his career if he scores a spectacular victory over Bradley.

“I think if he wins this fight well, he’s going to find a way to continue,” Arum said.

Roach has been in Pacquiao’s corner ever since the Filipino arrived at his Hollywood gym in 2001 looking for a trainer.

- ’15 years of greatness’ -

“It’s been 15 years of greatness,” said Roach, who hopes Pacquiao will fight on.

Pre-fight preparations were overshadowed by controversy in February when the devoutly religious Pacquiao described homosexuals as “worse than animals”, remarks that prompted several sponsors to sever agreements with him while also drawing widespread outrage from gay and lesbian activists.

Pacquiao is adamant that the saga did not disrupt his training. “There were no distractions,” said Pacquiao, who has expressed a desire to sign off in style.

“It’s really important for me to win this fight, to win convincingly,” Pacquiao said. “It’s part of my legacy.”

Bradley said he is preparing for an onslaught from Pacquiao.

“He’s going to come out like a bat out of hell and try to take my head off,” Bradley said.

Bradley teamed up with veteran trainer Teddy Atlas for his most recent bout in November, which ended in a ninth round technical knockout of Brandon Rios.

Atlas and Bradley have been poring over tapes of Pacquiao’s defeat to Mayweather last year, and his crushing knockout by Juan Manuel Marquez in 2012 as they attempt to concoct a gameplan to beat the Filipino.

But Atlas is under no illusions about the scale of the challenge represented by Pacquiao.

“When you’re competing against someone as good as Manny — he wins a fight because of pure talent,” Atlas said.


“The combination of speed and power that he has is uncommon. He’s a freak.”


Pacquiao vs Bradley 3 Livestream

Pacquiao vs Bradley 3
Pacquiao vs Bradley 3
On April 9th, 2016, Manny Pacquiao and Timothy Bradley will face each other again for the 3rd time. The first fight that they had was on 2012 and Bradley won from a controversial decision which was the reason for their rematch last 2014. The second encounter was full of action and Pacquiao won that fight without controversy. For some reason and because of the new trainer that Tim Bradley is having nowadays, they come to an agreement that they will fight each other again for the 3rd time which is set to be held at MGM Grand Arena in Las Vegas. You might be saying that there is no reason to watch this fight anymore as Manny Pacquiao has nothing to prove BUT because of the well known trainer, Atlas, then this will be a very exciting fight that you should never be missed to watch. Rumors say that this will be Manny Pacquiao’s last fight and before he will retire from boxing, he aims for a knockout. The last fight that he won via knockout was against Algieri few years ago.


Tuesday, March 29, 2016

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EgyptAir passenger Flight MS181 with 81 people onboard hijacked

EgyptAir passenger Flight MS181 with 81 people onboard hijacked
An aircraft MS181, with 81 people onboard, flying from Alexandria to Cairo was hijacked on 29 March. The passenger plane, belonging to EgyptAir, was headed to Cairo, when the pilot was reportedly forced to divert the aircraft to Cyprus.
The AirBus 320 aircraft had 81 passengers onboard, Egyptian Airport officials told PTI.
State-run television channel of Egypt named the suspected hijacker as Ibrahim Samaha.
The hijacked plane has reportedly landed at Larnaka Airport in Cyprus. There are suspicions of the presence of a bomb onboard. Egypt civil aviation has revealed that a hijacker threatened to detonate explosives attached to his suicide belt.
Source: Link

Monday, March 28, 2016

Lahore park suicide blast: Taliban faction claims responsibility, kills over 65

Lahore park suicide blast: Taliban faction claims responsibility, kills over 65
Lahore park suicide blast: Taliban faction claims responsibility, kills over 65
A suicide bomber killed at least 65 people, mostly women and children, at a park in Lahore on Sunday in an attack claimed by a Pakistani Taliban faction which said it had targeted Christians. More than 300 other people were wounded, officials said.

The chief minister of Punjab province, Shahbaz Sharif, announced three days mourning and pledged to ensure that those involved in the attack are brought to trial.

Senior police officer Haider Ashraf says the explosion took place close to the children's rides in Gulshan-e-Iqbal park. He says the explosion appeared to have been a suicide bombing, but investigations were ongoing. The area was crowded with Christians celebrating the Easter holidays, he said.
The Taliban faction Jamaat-ul-Ahrar claimed responsibility for the attack.

“The target was Christians,” a spokesman for the faction, Ehsanullah Ehsan, said. “We want to send this message to Prime Minister Nawaz Sharif that we have entered Lahore. He can do what he wants but he won’t be able to stop us. Our suicide bombers will continue these attacks.”


"It is suspected that a suicide bomber blew himself up at the main gate of the park," Deputy Inspector General Lahore Police Haider Asharaf said. He said about 8-10 kilogrammes of explosive might have been used in the blast.

Heard about the blast in Lahore. I strongly condemn it. My condolences to families of the deceased & prayers with the injured: PM

— PMO India (@PMOIndia) March 27, 2016

District Coordination Officer Lahore retired Capt Muhammad Usman said: "At least 56 people have been killed and over 126 injured in the blast."

He, however, ruled out that Christians were the target of the attack. "It was not a Christian park. Christians may be among the dead."

Punjab minister Bilal Yasin said over 200 people have been injured in the blast. "The death toll may rise as a number of injured are in critical condition," he said.

lahore, pakistan, pakistan blast, lahore blast, pakistan blast, pak Gulshan Iqbal Park, pakistan explosion, pakistan news, world news, latest news
Men mourn the death of their relatives after a blast outside a public park in Lahore, Pakistan, March 27, 2016. (Source: Reuters)
An official of the Punjab police told reporters that the suicide bomber - believed to be in his 20s - managed to enter the park and blew himself up near the swings. "It appears that the suicide bomber's main target were children," he said.

The park is located in a posh-locality in Lahore - a comparatively peaceful city in an otherwise violence-wrecked Pakistan which is also the hometown of Prime Minister Nawaz Sharif.

The army has joined rescue officials to shift the injured to hospitals. An emergency has been declared in city hospitals and appeals have been made to people to donate blood.

"We must bring the killers of our innocent brothers, sisters and children to justice and will never allow these savage inhumans to over-run our life and liberty," military spokesman  Asim Bajwa said in a post on Twitter.

Eyewitnesses said there were scattered body parts all around the park, where a large number of families, especially women and children, were present on a Sunday evening. The crowd was "unusually large" because of Easter.

"My two children were taking swings when a powerful blast occurred. Me and the children fell on the ground. I was semi-unconscious. When I fully regained consciousness I ran to find my children," Saleem Shahid, one of the injured in the blast, said at a city hospital where he was being treated.
His children sustained injuries in the blast. "Thank God! They were alive having injuries on their head. I tore my shirt and made a bandage of it," Shahid said.

Police tried to evacuate the park but people looking for their kins refused to leave the place. "Still a good number of people are in critical condition," Emergency Services Rescue spokesperson Deeba Shahnaz said.

Punjab government has announced a three-day mourning in the province. Several leaders, including Prime Minister Sharif and Pakistan Tehreek-i-Insaf chief Imran Khan, have condemned the blast. Christians leaders also strongly condemned the attack.

Source(s): The Indian Express

Tuesday, March 15, 2016

$81-M bank heist money trail hits dead end in casinos

A Senate probe shows RCBC allowed the withdrawal of the money even after it received a stop payment order from the Federal Reserve Bank of New York

LIGHT AT THE END OF THE TUNNEL. Senators Sergio Osmeña III, author of AMLA, expresses frustrations over the country's strict bank secrecy and weak anti-money laundering laws. Photo by LeAnne Jazul/Rappler
LIGHT AT THE END OF THE TUNNEL. Senators Sergio Osmeña III, author of AMLA, expresses frustrations over the country's strict bank secrecy and weak anti-money laundering laws. Photo by LeAnne Jazul/Rappler
MANILA, Philippines – Philippine authorities were not able to trace the exact location of the $81-million stolen money from Bangladesh Bank's account, citing the country's "strict bank secrecy and weak anti-money laundering act (AMLA)" as hindrances to reach a meaningful probe.
After 5 hours of questioning, the Senate Blue Ribbon Committee on Tuesday, March 15 got frustrated with Rizal Commercial Banking Corporation (RCBC) Jupiter, Makati City branch manager Maia Santos-Deguito and RCBC president and CEO Lorenzo Tan for invoking bank secrecy and their right against self-incrimination.
Anti-Money Laundering Council (AMLC) Executive Director Julia Bacay-Abad also expressed her frustrations during the hearing, conceding that "the money trail ended at casinos. It's a dead end. Non-inclusion of casino in AMLA just increased the probability of money laundering in the Philippines."
The law, which was first introduced in 2001, left casinos off the list of entities required to report suspicious transactions to the AMLC. 
"What is important here is that casinos should be covered by AMLC. You see, we are having a difficult time with the investigation now. Other nations are now saying: Philippines, you are too risky to deal with. You have very weak AMLA laws," Senator Teofisto Guingona III told reporters after the hearing.
Senator Sergio Osmeña III, author of AMLA, said: "It's like we are far from seeing the light at the end of the tunnel...It is high time to revisit AMLA and bank secrecy laws."
AMLC member and Insurance Commissioner Emmanuel Dooc said a stronger anti-money laundering law should be implemented to reach a meaningful probe.
"Now we are faced with the questions: Is the inclusion of casino operators necessary in our AML/CFT (Anti-Money Laundering and Combating the Financing of Terrorism) regime? The thing speaks for itself," Dooc said during the hearing,
"The lesson we learned from this recent episode is unmistakable: We have to put more teeth in our laws to stop criminal elements from exploiting the deficiencies in our system," Dooc added.
‘RCBC allowed it'
During the Senate probe, Guingona revealed that RCBC allowed the withdrawal of some $81 million funds suspected to have been stolen from Bangladesh Bank’s accounts even if it received a stop payment order from the Federal Reserve Bank of New York on February 8, a banking holiday in the Phiippines.
It was on February 5 when RCBC received the suspicious funds, Guingona said. 
"On the morning of February 9, the first banking day, you should have seen the stop payment request. But apparently it was not honored because the funds were withdrawn," Guingona told Tan before the hearing.
Citing documents filed by AMLC with the courts, Guingona said, "RCBC responded to the Bangladesh Bank's stop payment request at 7:45 pm of February 9. That was the end of the day already."
The senator moved forward by asking Tan: "Would you care to explain why the stop payment request – which should have been honored at the very start of the banking day – was not honored?"
SENATE INQUIRY. RCBC president and CEO Lorenzo Tan blocks most questions from the Senate by invoking right to bank secrecy. Photo by LeAnne Jazul/Rappler
SENATE INQUIRY. RCBC president and CEO Lorenzo Tan blocks most questions from the Senate by invoking right to bank secrecy. Photo by LeAnne Jazul/Rappler
But Tan invoked his right to bank secrecy and declined to reveal details of the transactions made.
"Sorry, your honor. I cannot confirm or deny this request specific to this transaction," Tan told Guingona.
Guingona further asked Tan if RCBC’s head office sent the stop payment order to Deguito.
"Again, your honor, I’m precluded because of bank secrecy. But as a general rule, these orders are sent by the head office to the branch manager," Tan replied. 
The chair of the Senate Blue Ribbon committee then asked Deguito how such huge funds easily coursed through the bank despite indications from the Federal Bank that the transactions were illegal.
"February 9 was a banking day. That was a Tuesday. $81 million was still there in the accounts," said Guingona.
"On February 9, all the $81 millon was withdrawn. Did you not have a stop payment request on February 9?" he asked Deguito.
But just like Tan, Deguito also invoked the Bank Secrecy Law and her right against self-incrimination, as AMLC has filed a case against her. 
"But I’m willing to answer questions only in a closed-door executive session," she said.
RIGHT VS SELF-INCRIMINATION. RCBC branch manager Maia Santos-Deguito says she will 'tell all' in a closed-door exclusive session. Photo by LeAnne Jazul/Rappler
RIGHT VS SELF-INCRIMINATION. RCBC branch manager Maia Santos-Deguito says she will 'tell all' in a closed-door exclusive session. Photo by LeAnne Jazul/Rappler
'Dead end'
Bacay-Abad said the stolen funds were moved to 4 RCBC bank accounts that were opened in May 2015 and had remained idle until the transfers were made on February 5, 2016.
The accounts were named under Michael F. Cruz, Jessie C. Lagrosas, Alfred S. Vergara, and Enrico T. Vasquez, who were later found "fictitious."
After the transfer to the 4 bank accounts, Bacay-Abad said the funds were immediately withdrawn and deposited under the account of Filipino-Chinese businessman William S. Go, who was also at the Senate and denied any involvement. He claimed he never opened a bank account in RCBC Jupiter, Makati City branch.
The funds were converted into pesos and delivered in cash tranches to a WeiKang Xu by remittance firm Philrem Service Corporation, the remittance firm's president Salud Bautista told the Senate.
A representative of Solaire Resort and Casino confirmed this and said Xu is a registered junket casino operator.
When asked where the stolen money is now, Bacay-Abad said "the last information we have is that it ended in casinos, which are out of our jurisdiction."
'Issue not helping'
For Espenilla, this latest money laundering case "is not helping" the Philippines address its problematic reputation abroad.
"The issue here is that those banks operating under their own anti-money laundering laws... What happens is they make this decision to close down accounts of Philippine remittance companies," Espenilla said.
"Under their laws, banks have the right to determine the risk coming with their partnership with certain businesses."
Bangladesh Ambassador to the Philippines John Gomes said on the sidelines of the hearing that his country "still hopes to recover the funds."
With just a little information bared, Guingona set the next Senate hearing on Thursday, March 17. Rappler.com