Probe sought on Chinese remittances to Cale88
Philippine lawmakers are calling for a national security investigation into large remittances from China to Cale88 Foods Corp., a company linked to the husband of Vice President Sara Duterte. The probe follows testimony from the Anti-Money Laundering Council regarding suspicious financial transactions.
Why it matters
The investigation touches on high-level political corruption and national security concerns regarding foreign financial influence in the Philippines.
MANILA, Philippines - Reports that Chinese firms remitted P319 million to a company linked to Manases Carpio, Vice President Sara Duterte's husband, warrant a "full-blown national security investigation," according to Batangas Rep. Gerville Luistro, lead prosecutor of the House of Representatives.
Luistro made the remark after an Anti-Money Laundering Council (AMLC) report exposed remittances from China to Cale88 Foods Corp., a firm linked to Carpio, who held a substantial 47.5 percent stake.
"I honestly believe this is something that should be looked into and investigated, especially since the National Security Council had acknowledged the sensitivity of this issue concerning all Filipinos who have remittances from China," she explained.
Luistro was referring to financial records presented during Duterte's impeachment trial showing that Cale88 Foods Corp. received P319.33 million in remittances from mainland China and Hong Kong.
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