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Kim Wong returns another P38.28 million—including 2 fake P500 bills

By: - Reporter / @bendeveraINQ
/ 03:19 PM April 04, 2016
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Chinese businessman Kim Wong. CATHY MIRANDA/INQUIRER.net FILE PHOTO

Casino junket operator Kim Wong, through his lawyers, on Monday returned another P38.28 million in stolen money from Bangladesh’s central bank, but the turnover was hit a slight snag when authorities found two fake P500 bills amid the mountains of cash.

Anti-Money Laundering Council (AMLC) Executive Director Julia Bacay-Abad confirmed that they found two counterfeit bills during the two-hour long counting that started at 11 a.m. and ended 1 p.m.

Bacay-Abad and Wong’s lawyer Victor Fernandez said Atty. Inocencio Ferrer Jr., had to shell out P1,000 to replace the fake banknotes.

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All P38.28 million were in denominations of P500 and P1,000, Bacay-Abad said.

The P38.28 million “represented the funds abandoned by Gao Shuhua in Eastern Hawaii Leisure Co. Ltd. and/or Midas Casino,” Fernandez said.

The lawyer said it would take 15-30 days to raise some more funds before Wong could return another P450 million that was earlier borrowed by Gao.

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TAGS: AMLC, Bangladesh Bank, Business, Finance, Kim Wong, money laundering
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