Sen. Richard Gordon, Senate blue ribbon committee chair, wants to investigate an alleged “racket” of bank agents who arrange for Chinese nationals, using Filipino names, to open bank accounts in the Philippines. Chair, and as a matter of fact, we already issued an advisory on those activities where account holders are being used and other Filipinos are being used to open accounts,” Racela said. We do not practice that in our branch.”Gordon said that there would be no pardon for banks and bank agents found guilty of such practice. ADVERTISEMENT[If the accomplices of the Chinese nationals entering their names in bank or in the Securities and Exchange Commission or the Bureau of Immigration, they should not be pardoned.] Bilyon eh, bilyon bilyon [na pera] eh,” he added.

Source: Philippine Daily Inquirer December 03, 2018 10:07 UTC