 |
| Maj. Gen. Carlos Garcia |
THE money laundering could have started as early as 1993. According to records in the US, the Garcias have been transporting to the US a total of at least $785,630 -- or P43,995,280 – since 1993 from the Philippines but it was only 11 years later that this was discovered. This happened when US Customs and Border Patrol agents held two Garcia sons, Ian Carl and Juan Paolo Garcia, after they failed to declare that they were traveling with $100,000. From then on, things started to crumble for the Gracias.
The Garcias have been methodically stashing their loot in tens or hundreds of thousands of dollars and depositing these in bank accounts. The last transaction, involving $308,000, was deposited in the Citibank branch at One Park Avenue, New York, on Jan. 15, 2004, the Ombudsman report said.
A day earlier, on Jan. 14, Clarita Garcia arrived in San Francisco and declared to the US Customs and Border Patrol that she had $204,230 in her possession. On May 10, 2003, she declared she was carrying $48,000. On Dec. 17, 2003, she declared that she was carrying $100,000. Her sons’ undoing finally caught up with them.
Caught red-handed in the smuggle attempt, her boys could only offer lame excuses. So she had to run to their rescue – only to put her family deeper into the bog. Her own revelations executed in an affidavit would send shockwaves down to the Philippines where an investigation would start on her husband’s money-making activities.
She claimed responsibility for instructing her sons, Juan Paulo and Ian Carl, to bring cash in the amount of $100,000 into the US from the Philippines. The money was to be used as down payment for a condominium in New York City where son Timothy would live while going to school.
 |
| Horny goat weed |
There were four major sources of income for the family, she said. They had two corporations which are making some money a daycare school, and husband’s job as a Two Star General in the Philippine Military. The family has 80% interest in the two corporations and may earn a monthly income equivalent to US$8,000. The daycare brings in more money, perhaps $10,000 per month. But the income received from these businesses was not reported as a basis for tax liability. Only the salary of P37,000 that her husband was receiving was declared for tax purposes.
It was from the kickbacks, perks and commissions that her husband as AFP comptroller was receiving that the family’s income reached unheard of amounts. She said Carlos Garcia received travel money and expenses in excess of several thousands of dollars and that she often traveled with him on business. Her own travel, expenses and shopping money in excess of US$10,000 to $20,000 was provided to her on such occasions.
Clarita also disclosed that her husband also received cash for travel and expenses from the businesses that are awarded contracts for military hardware. These businesses are in Europe and Asia. He also received gifts and gratitude money from several Philippine companies that are awarded military contracts to build roads, bridges and military housing.
Since her husband as the comptroller was the last signatory in contracts with business groups, there was always “gratitude money” for shopping and traveling which were not declared as income, she said. As the general’s wife, she too had her own special privileges, such as a 4,000-gallon per month gasoline allowance, security detail and five drivers. Moreover she had a military cook that doubled as piano music provider upon request.
As a result, the Garcias have at least 40 bank accounts in the country, including seven bank accounts in Land Bank of the Philippines, 23 in Allied Banking Corp., four in Banco De Oro Universal Bank, six in Bank of the Philippine Islands, 16 in United Coconut Planters Bank, and five in Planters Development Bank. These do not include accounts in US and other foreign banks. (More details here:) (http://delfindjmontano.blogspot.com/2009_09_01_archive.html)
 |
| Male enhancement for stamina |
Add in a fleet of nine cars, and you'll understand why the Garcias have five drivers serving them.
No comments:
Post a Comment