Monday, August 7, 2017

PNoy Appointed Comelec Chair Accused by Wife of Having 1 Billion Pesos Unexplained Wealth

Andres ‘Andy’ Bautista

Former President Benigno Aquino III appointed chairman of the Commission on Elections (Comelec) is being accused of amassing ill-gotten wealth by his own wife. In a press conference earlier today, Patricia Bautista, the wife of Commission on Elections (Comelec) chairman Andres ‘Andy’ Bautista told reporters that she had signed an affidavit accusing her husband of accumulating at least PHP1 billion (USD20 million) in “unexplained wealth.”

“I understand that since Andy holds the position of Comelec chair, he is liable to be impeached should there exist valid and sufficient grounds to hold him in trial for an impeachable offense under Sec. 2, Article XI of the 1987 Philippine Constitution,” Patricia Bautista said in the affidavit.

In the report by the Philippine Daily Inquirer, Patricia said her husband who was also a former chairman of the agency tasked with recovering the ill-gotten wealth of former dictator Ferdinand Marcos had wealth of his own hidden in overseas bank accounts as well as real estate investments in the Philippines and abroad.

The affidavit lists the following properties as assets not included in the chairman’s statement of assets, liabilities and net worth:

• Thirty-five Luzon Development Bank (LDB) passbooks with a total balance of PHP329,220,962 (approx. USD6.5 million)
• A Rizal Commercial Banking Corp. (RCBC) dollar account amounting to USD12,778.30 (PHP641,000)
• An RCBC peso account with PHP257,931.60 (USD5,518)
• An HSBC account with HKD948,358.97 (PHP6.10 million)
• A condominium unit in One Bonifacio High Street at Bonifacio Global City (BGC) in Taguig City
• A condo unit in The District in San Francisco, California

Patricia, who said she had been wanting to separate from her husband since 2013, wanted to “make a distinction between the ‘clean’ and ‘dirty’ money that forms part of our conjugal property.” She said she could not, however, make the distinction herself because her husband controls “most of if not all” of their finances.

In addition to the bank accounts and real estate, Patricia said her husband also has business interests in foreign companies.
Companies named in the affidavit include:

• Bauman Enterprises Ltd., a company set up in the British Virgin Islands on Sept. 29, 2010; a trustee company set up with Bank of Singapore.
• Mantova International Ltd., founded in Darussalam, Brunei, in 2011.
• Mega Achieve Inc., established in Anguilla, a British territory in 2014.

Prior to submitting an affidavit to the National Bureau of Investigation (NBI) last August 1, Patricia was able to meet with President Rodrigo Duterte in late July to tell him about the alleged ‘unexplained’ wealth of her husband.

She said she spoke to Duterte out of “fear” of her husband “and his network.” She said she had also filed violence against women and children complaint against her husband for alleged “emotional and economic sabotage.”

Andres Bautista heads the Comelec which has been slam last election for massive fraud.

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