Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Court convicts Napoles of money laundering

Court convicts Napoles of money laundering – BusinessWorld Online


      
      
      
      
      








PHILIPPINE STAR/BOY SANTOS

THE PASIG Regional Trial Court (RTC) on Wednesday found Janet Lim Napoles, the so-called pork barrel queen, guilty on 13 counts of money laundering, the Anti-Money Laundering Council (AMLC) said.

“In a Decision dated 01 October 2025, the RTC Branch 158 (in) Pasig City has convicted Janet Lim Napoles on 13 counts of money laundering in connection with her orchestration of 2013’s Priority Development Assistance Fund (PDAF) scam, widely known as the ‘pork barrel’ scam,” the AMLC said in a statement.

Under the ruling, the RTC discovered that Ms. Napoles used nonexistent non-government organizations to get pork barrel funds for ghost projects.

“By making it appear that the funds originated from legitimate sources, Napoles concealed its criminal origin — an act that fully satisfied the elements of money laundering under the Anti-Money Laundering Act of 2001, as amended,” the AMLC said.

Ms. Napoles will face seven to 14 years of imprisonment for each count and a P94.15-million fine. However, the AMLC said that remains subject to appeal.

Ms. Napoles was first convicted of money laundering in July 2024, where she was sentenced to seven to 14 years of imprisonment and a P16-million fine.

“This sends a strong message: those who abuse public funds will be held accountable,” AMLC Executive Director Matthew M. David said in a statement.

“The AMLC welcomes this court decision as a demonstration of AMLC’s relentless pursuit of individuals who exploit the financial system to conceal corruption,” he added. — Katherine K. Chan

CEDTyClea





    You May Also Like

    Stock Markets

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Finance

    Prime Minister Keir Starmer is tightening control over the government’s economic strategy by strengthening a cross-government Budget Board that will shape the Autumn Statement...

    Finance

    Formula 1 drivers Isack Hadjar and Liam Lawson of the Visa Cash App Racing Bulls (VCARB) team have taken an unusual step to thank...

    Finance

    A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.