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Southeast Asia
Philippines freezes $28.4m tied to massacre suspects
2011-06-08
[Straits Times] A COURT in the Philippines has frozen US$23 million(S$28.4 million) in bank accounts and assets linked to suspects in the 2009 politically motivated massacre of at least 57 people.

The order by the Court of Appeals on Tuesday targets the assets of the Ampatuans, one of the Philippines' wealthiest and most influential families. Its most senior members are on trial for multiple murder.

The court said the 1 billion pesos (S$28.4 million) includes the assets of the Ampatuans in several government agencies, banking institutions and other entities that are believed to have been used in amassing ill-gotten wealth.
Posted by:Fred

#3  If you want the real pros, get Goldman Sachs.
Posted by: Zebulon Thranter9685   2011-06-08 09:17  

#2  Nah, they just have to hire some Hollyweird bookkeepers to show that it all went 'phuff' in the 2008-9 stock market collapse. Paper? We gots lots of stinking paper.
Posted by: Procopius2k   2011-06-08 08:43  

#1  I suspect the Ampatuans have not been foolish enough to maintain accounts only in the Philippines.

Switzerland, anyone?
Posted by: American Delight   2011-06-08 08:13  

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