Napoles' 400 accounts are with 17 banks
MANILA, Philippines (UPDATED) – Janet Lim-Napoles has 107 bank accounts covered by a court freeze order, Justice Secretary Leila de Lima said on Friday, August 16.
Asked to provide details of the report that the Anti-Money Laundering Council (AMLC) submitted to the Court of Appeals (CA), De Lima said a total of "more than 400 accounts" were covered by the freeze order, 107 of which belonged to "Mrs Napoles alone."
The order covered the bank accounts of Napoles, her family members, relatives and staff.
On Saturday, August 17, De Lima provided a breakdown of the 415 accounts directly under or linked to Napoles that are covered by the freeze order.
These are 344 bank accounts and 5 possible credit card accounts in 17 banks, and 66 insurance policies with 6 insurance companies.
Acting on a petition filed by the AMLC through the Office of the Solicitor General (OSG), the CA said the freeze order will be effective for 6 months.
The AMLC can request the court to extend the period of the freeze order if and when it finds enough evidence to warrant it, Rappler learned from Levito Baligod, counsel for the former Napoles employees who are testifying about her alleged syndicate that siphons off lawmakers' Priority Development Assistance Fund (PDAF).
According to the AMLC and the OSG, all concerned banks have been served with a copy of the Freeze Order Friday afternoon.
Rappler’s investigation found the Napoleses owning properties in the United States, worth a combined P495.1 million.
This is on top of at least 7 properties in the Philippines and 30 vehicles registered under her and her family members' names.
Napoles has repeatedly insisted her source of wealth is legitimate.
She has cited inheritance from her parents and a profitable coal mining business among other income sources to explain the lavish lifestyle and huge properties that her family has displayed in recent years.
If we go by the official filings of her registered businesses, however, Napoles doesn’t have the means to acquire and maintain any of these.
The net profits they last reported (for 2011 and 2012) to the Securities and Exchange Commission (SEC) totaled less than P1 million – P577,807.47 to be exact. – Rappler.com