On February 2016, about $81-M was transferred from the Bank of Bangladesh to the Jupiter Branch of Rizal Commercial Banking Corporation (RCBC) in the Philippines, making it the biggest money-laundering crime that was ever committed in the Philippines. In this crime, prominent personalities are involved including the President of RCBC and every time the Senate Blue Ribbon Committee resumes its investigation, more and more people are being dragged into the scandal.
This money-laundering crime which is popularly known as the Bangladesh Bank Heist is an alarming case because it did not only prove that there are loopholes in the Philippine law but it also compromised the security of the worldwide banking systems.
I was intrigued by this case that is why I spent some time reading blogs and watching news about the Bangladesh Bank Heist; I found out that this is a big crime that involved lawmakers in the Philippines.
I summarized into an Infographic the information that I collected during my research:
So, Is Vice President Jejomar Binay really the one behind the Bangladesh Bank Heist? I am not sure although the clues are pointing to him. What I am just sure about is that a Filipino politician or politicians are involved in this crime because this would have never succeeded without their cooperation. If you watch this video, you will get a sense that Juan Ponce Enrile is just acting to let the public think that he is doing his part in the money-laundering investigation. But he cannot fool me.
And why is he still a Senator? He has committed plunder and we still allow him to sit in the Senate. That is another loophole in the Philippine law over there.
What Money Can Do
With the money involved in the Bangladesh Bank Heist, anybody can use the money to the be the next President. He can do either or all of the following:
- Pay Smartmatic to manipulate the Precinct Count Optical Scan (PCOS) machines.
- Pay majority of the voters to vote for him.
- Pay the Board of Election Inspectors (BEI) as accomplices.
- Hire hackers to:
- Hack the COMELEC database (which recently happened)
- Hack the Precinct Count Optical Scan (PCOS) Machine to manipulate the vote counts in favor of him.
Who knows what is going to happen?
I really hope that it is just me imagining the worst-case scenario of the Bangladesh Bank Heist but one thing is for sure, if this really happened I do not know what will happen to Philippines because if Jejomar Binay is elected as the next Philippine President, this money-laundering scandal will not be solved and the people behind it will never be discovered. And we all know what will happen to the people behind the Pork Barrel Scam…
I believe that we will only uncover the bad guys behind this scandal if an honest politician with a willpower is elected as the new President.
But anyway, Filipino Voters BEWARE! And don’t foget to vote WISELY!