A politics of hope

The money trail back to Bangladesh

We are finally making headway in locating portions of the $81 million stolen from Bangladesh and siphoned into the Philippines.

So far we have confirmed that Solaire Resort & Casino received P1.365 billion ($30 million) and Eastern Hawaii Leisure Company, owned by casino junket operator Kim Wong, received P1 billion ($23 million) of the stolen money.

Based on money transfer firm PhilRem’s testimony before the committee, it was alleged that around $30.64 million, broken down to $18 million and P600 million, was delivered to Weikang Xu over 6 tranches.

It was only during the Senate hearing last March 29 that we were able to dissect further the location of a portion of the stolen money with the testimony of Kim Wong.

Wong contested PhilRem’s testimony and claimed that they only released P400 million and $5 million over 4 tranches.

Wong also testified to receiving P1 billion from Philrem: P450 million ($9.7 million), which he accepted as payment for a debt of one Shuhua Gao, and P550 million entered to Midas Hotel and Casino. However, of the P550 million, P510 million was lost to Midas and only P40 million is left.

Since his statement, Wong has already turned over P38 million ($863,000) and $4.63 million to the Anti-Money Laundering Council (AMLC) for safekeeping. He has also stated his willingness to return the P450 million or $9.7 million paid to him to cover Gao’s debt, but requested for a month to deliver.

Today, a total of about $5.5 million has already been reclaimed from Wong. And once he is able to return the additional $9.7 million, we will have recovered $15.2 million of the $81 million stolen from Bangladesh.

On the other hand, PhilRem offered to return the P10.47 million (about $232,000) representing the fee they purportedly received for conducting the transactions. However, this was rejected by Bangladesh.

In the case of Bloomberry Resorts, operator of Solaire, they’ve stated that they were able to freeze $2.33 million or P107 million of the stolen money in their casino – another amount we can add to the pot for Bangladesh, should they agree to turn it over.

We will continue to probe the money trail through Solaire and will seek to verify if there is still recoverable dirty money in Midas.

Plus, there is the issue of the other junket operators that are still in the process of confirming receipt of over P1 billion from Solaire.

In the next few weeks, we should be able to pinpoint the rest of the illicit funds so we can return as much as we can to Bangladesh.

The AMLC already said that it is within their powers to reclaim money that is laundered ‘regardless of where the money went. However, they would need to go through a court process and the necessary legal proceedings, which will inevitably take time.

The question is whether these institutions will contest a possible civil forfeiture of laundered money still within their coffers.

If I were them, instead of fighting the court case, I would, in good faith, turn over to the AMLC all illicit funds that coursed through their internal systems.

“Yung maduming pera, dapat ibalik,” said Wong. We can hope everyone shares this sentiment.

This flagrant crime perpetrated in our shores with the involvement of Philippine individuals and institutions has tarnished our country’s reputation and now the world is watching our every move.

A crucial step in redeeming ourselves is to return as much of the stolen money to Bangladesh at the soonest possible time.

Are you following the investigation of the stolen $81 million from Bangladesh? Whose story do you believe? What questions would you ask the resource persons?

First Published on Manila Bulletin

Not a Victimless Crime

Boardrooms, dinner tables, and coffee shops are abuzz with theories explaining the $81-million heist, which involved funds of the Bangladesh central bank being transferred to local RCBC accounts and eventually into our Philippine casinos.

The public is visibly intrigued and the media has covered the story as eagerly as our national campaigns.

Who were involved? Who is the mastermind? Who are the hackers and how did they get past the U.S. financial system’s safeguards? What does the branch manager know? Are bank officials involved? Who profited from this audacious crime? Is there a political angle to this heist?

These and many more questions have our minds occupied and keep casual conversations lively and engaging.

We are hopeful that throughout the course of our investigation in the senate, the truth will be revealed, the perpetrators will be brought to justice, and most of these questions will be answered.

But, sadly, no one is asking about Bangladesh.

So for the next few paragraphs, allow me to write about the real victims of this crime – the Bangladeshi people.

There are nearly 160 million people in Bangladesh as of 2015 with over 30% or 48 million living in poverty. In the 2015 Rankings of the Poorest Countries in the World based on GDP, Bangladesh ranked 46th poorest, while the Philippines ranked 68th.

Like in the Philippines, Bangladesh is dealing with issues that are rooted in poverty, such as hunger, sanitation, improved access to education, severe congestion of urban areas, and delivery of basic government services, among others.

The Bangladesh government and civil society groups are aggressive in their efforts to create better opportunities and greater wealth for the masses and they have churned out interesting, effective solutions.

One example is the world-renowned Grameen Bank spearheaded by economist and social entrepreneur Muhammad Yunus that pioneered the principles of microcredit and microfinance utilized around the world today

The government has also made leaps in improving access to government services with their ‘Digital Bangladesh, Vision 2021’ program that seeks to make all government services, public records, and even text books accessible through online channels by 2021, which sounds like the Freedom of Information (FOI) and the Open Government Partnership efforts.

They hope that ICT and an all-encompassing digital system in government will curb corruption – another one of our common adversaries.

Naturally, like in the Philippines, there is still a lot of work to be done before Bangladesh can eradicate poverty. But a key element to getting things done is adequate funding.

Can you imagine how far the stolen 81-million US dollars, which is equivalent to 6.35-billion Bangladeshi taka, could have gone to address hunger, livelihood, education, or health?

Now imagine if the tables were turned.

Think of billions of pesos worth of Philippine tax money stolen and siphoned off to the pockets of unscrupulous foreigners.

Billions of pesos that could have been used to fund infrastructure projects, livelihood programs, or improvements in government services are hacked then digitally wired to foreign nationals.

Picture the outrage in our streets and the frenzy on our social media feeds. What racist remarks will spew? What will the Philippine public demand? And what could ever appease hearts broken by this injustice?

Many of us, including politicians like myself, are caught up with the audacity of this heist, the intriguing anecdotes of the revealed personalities, and the tarnished image of the Philippines.

It is our nature to focus on the Filipino side.

But as a member of the global community and as a country known for its heart and compassion, we must realize how valuable the stolen money is in improving the lives of the millions of poor Bangladeshis.

With this in mind, it is imperative that we continue to push for reforms in our financial system, institute tighter and stricter policies, ferret out the truth, bring the perpetrators to justice, and most importantly return the stolen 81-million US dollars to the Bangladeshi people.

If this happened to us, we would expect nothing less.’

First Published on Manila Bulletin

Youth to the Rescue

In this day and age, natural calamities are a sad reality for any country, more so for the Philippines.

In the past few years, we have been on the receiving end of vicious typhoons, brutal storm surges, earthquakes, and other adverse calamities.

In 2013, typhoon Yolanda, the deadliest typhoon in our history, affected millions of people and took thousands of lives in Eastern Visayas. This super–typhoon earned us the top rank in the 2013 Climate Risk Index (CRI), which ranks countries affected by extreme weather events .

In addition, the Long–Term Climate Risk Index (CRI) ranked the Philippines fifth most affected country in the world, driving us to continue our efforts in disaster risk mitigation, preparedness, and recovery.

And though these indicators are definitely troubling, the good news is that hope and inspiration flow from the many stories of young Filipinos who are working to help mitigate disaster. They volunteer for, even spearhead programs on disaster risk reduction and we need not look further than this year’s Ten Accomplished Youth Organizations (TAYO) Award winners for examples.

In Cauayan City, Isabela, the Red Cross Youth and Junior Rescue Team builds eco-rafts out of recycled plastic bottles for communities prone to flooding, keeping families afloat and ushering them to safety.

In the Visayas, the Hayag Youth Organization based in Ormoc, Leyte organizes “Swim for Safety” or “Langoy Para saKaluwasan” programs teaching the youth in disaster-prone communities how to swim – a life-saving skill many Filipinos still do not possess.

Young Filipinos are also on the frontlines of disaster response. When a ship sank off the coast of Cebu, it was the children from the coastal communities that served as first responders, even performing cardiopulmonary resuscitation (CPR) to save an 8-month old baby.

These heroes learned emergency response, first aid, evacuation, and other disaster-related skills from a 56-hour training program organized by the Rescue Assistance Peacekeeping Intelligence Detail (RAPID), a youth group based in Cebu City.

These are only three of many more initiatives lead by young Filipinos. The Filipino youth, without a doubt, have made tangible contributions in the field of disaster risk reduction and management – and they will continue to do so with their ideas, innovations, and passionate hearts.

Thus, it came as no surprise that many supported the Responsive, Empowered, Service-Centric or RESCYouth Act of 2015, a legislation that requires youth involvement in disaster risk management in the national and local levels.

This act institutionalizes the participation of the youth in the planning, strategizing, organizing, and execution of our national disaster plan and ensures thata youth representative be part of the disaster coordinating councils in every region, province, city, municipality, and barangay.

Time and time again, the youth sector has proven that, given the opportunity and the right tools, they are able to contribute in nation building.

The RESCYouth Act of 2015 embodies this ideology, enlisting our bright, impassioned, determined, resourceful, and brave young Filipinos in the development of a Philippines that is well informed, incredibly prepared, and exceptionally resilient to disaster.

 

First Published on Manila Bulletin

Mission statement

For seven years, before joining the Senate, I was a social entrepreneur, working in microfinance and micro enterprise programs in rural parts of the Philippines. Our institution primarily worked with women sari-sari storeowners, providing them financing support; training and linking them to companies they otherwise would not have access to.

Through the years, we came to a conclusion that many other social enterprises started after ours would also adhere to – if you provided access to opportunities, Filipinos would step up, take these opportunities and do well for themselves and their families.

We witnessed for ourselves how our nanay-partners improved themselves through our program and that of our microfinance partners. Many of them who didn’t finish high school and had humble beginnings were slowly but surely becoming savvier entrepreneurs who were providing more for their families through their micro businesses.

The Filipino that we saw was not lacking in talent or drive, but rather, just lacking in opportunities. There were of course individuals that refused to work hard and learn, but they were always in the minority; the majority recognized and wanted the opportunities and at the end of the day, did well with them.

It was the same case for our work with the youth. The more popular image of the Filipino youth is involved with teenage pregnancies, drug abuse, violence in gangs and too much DOTA-playing.

Yet, in our years serving the sector, we found thousands of outstanding youth organizations serving their communities, a brotherhood assisting the welfare of indigenous peoples, former street children teaching arts education to their peers, transformed tambays training for disaster rescue, and a group of young people teaching financial literacy and entrepreneurship to former combatants and children of war.

It’s the same formula for the Filipino youth. Give them the proper guidance and mentoring, show them that they can do something worthwhile for themselves and for other people and see them grab these opportunities and make the most out of it.

I’ve been both a witness and an advocate of this fundamental truth that Filipinos can achieve if given the right tools and support. But unfortunately, still to this day, a number of our countrymen do not believe in our own capacity for goodness and greatness.

For every believer in entrepreneurship, there are those that say that Filipinos are Juan Tamads and not built to be our own bosses. For every advocate of the Filipino youth, there are those that believe that the youth are useless, apathetic and only concerned with their Facebook and video games.

With regard to the Bangsamoro Basic Law, the same opposing perspectives apply. There are those who believe that development in the area cannot be achieved under Moro leadership, while there are those that believe that our Moro people can reverse the vicious cycle of poverty and violence through their self-determination.

There are those that speak with certainty that funds given to the Bangsomoro will be used primarily for guns and to line the pockets of corrupt politicians, while there are those who see classrooms and hospitals being built, water systems, electricity and social services finally being delivered to the communities.

Somewhere between these two perspectives lies the best course of action – a careful optimism that sees all angles but has that positive outlook at its heart and as its driving force.

Make no mistake though, action, reform and change can only happen if you start from a perspective of hope, rather than one of distrust, discrimination and pessimism.

We don’t talk enough about the politics of hope. In our minute-by-minute, 140-character, news cycle-led world, it seems that the politics of hope has become passé or even considered naive by the armchair analysts.

Optimism has seemingly lost its luster amidst the talk of vengeance, distrust and disappointment with our leaders.

But the truth is that in my line of work, I have been blessed to come across stories of change and hope, of true political action and reform, of new translations of people power, of unsung and unmentioned heroes who, like me, still believe in what the Filipino can be.

This column will hopefully be that oasis for fellow optimists and hopeful out there.


First published on Manila Bulletin

 

 

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