Excerpts from PRIVILEGE SPEECH of Senator Enrile

BANKWISE

“Bankwise, this bank refused until recently to freeze the Philcomsat Holdings Corporation’s accounts. Now, this bank claims to have frozen Philcomsat Holdings Corporation’s accounts but refuses to disclose how much deposit remains in that bank. Bankwise President Leonides Val Ortega, to whom P30 million was drawn from the account of Philip Brodett in his favor and which he in turn deposited in the RCBC. He deposited in his personal account, as I already said, this P30 million. Where is this money, whose money was it, and for what purpose was it paid to him is unknown.

And I hope that with this revelation, the Money Laundering Council, as well as the Bureau of Internal Revenue, if indeed we want to clean up the mess in this country, would now immediately act to ask this bank, including the Bangko Sentral, why they allowed this kind of practice, otherwise, this representation will be forced to initiate a thorough-going investigation to open a can of worms that none will be able to sleep or break or cover up. Export and Industry Bank, who were the people involved in this? An Indonesian group, Donald Dee, Sergio Ortiz, et al.

January 5, 2006 letter to Bankwise

June 17, 2005 Letter to Bankwise

February 28, 2005 Letter to Bankwise

February 28, 2005 Letter to Bankwise

Deposit of P30M to Leonides Val Ortega account by wire transfer