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  • 2 days ago
Senator Risa Hontiveros reveals Cale88 Food Corporation, linked to Vice President Sara Duterte and her husband, received significant remittances from Chinese state-owned firms.

Full story:
https://www.rappler.com/philippines/china-state-owned-businesses-remitted-funds-cale-88/

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00:00Sen. Risa Hontiveros reveals Cali 88 Food Corporation linked to Vice President Sara Duterte and her husband received significant remittances
00:09from Chinese state-owned firms, this as disclosed in an investigation by her office.
00:14Among them are China National Township Enterprises , which Hontiveros says operates under the supervision of the State-Owned Asset
00:22Supervision and Administration Commission of the State Council .
00:25SASAC is a ministerial-level institution under China's State Council that oversees non-financial state-owned enterprises.
00:35Hontiveros says CNTE was previously under China's Ministry of Agriculture before it came under SASAC.
00:42Hontiveros also identifies Beijing Zhenwei Fang Food Company, which she said also made remittances to Cali 88.
00:49Hontiveros further noted that the chairperson of Beijing Zhenwei Fang Food Company is allegedly a member of the district-level
00:55Chinese People's Political Consultative Conference or CPPCC.
00:59Ayon sa isang US Economic and Security Report, delegates to the CPPCC serve as proxies for Chinese Communist Party interests,
01:10and they frequently act as interlocutors with foreign government officials, businesses, and academic institutions.
01:18The disclosures came a day after AMLOC Executive Director Ronel Bonaventura told the impeachment court that Cali 88 received P319
01:25million from China and Hong Kong based on Covered Transaction Reports or CTRs and Suspicious Transaction Reports or STRs.
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