Cale88 account logged P40.1M in inflows, P40M in outflows in 2024

Manila Bulletin

A Security Bank account linked to Cale88 Foods Corp. recorded P40.14 million in incoming funds and P40 million in outgoing transactions in 2024, according to Security Bank Branch Banking Group Head Leslie Cham.  Cham gave the figures after Senator-judge Erwin Tulfo asked him to clarify data cited in a forensic audit report. The account also received P6.27 million in 2025.  Cham also said Security Bank does not allow managers to bypass Know-Your-Customer (KYC) requirements for high-profile clients or large deposits, saying questionable cases are referred to the bank’s compliance office. (Video courtesy of Senate of the Philippines)  READ: https://mb.com.ph/2026/10/07/cale88-bank-account-logged-p40m-in-incoming-outgoing-funds-in-2024-bank-exec  Subscribe to the Manila Bulletin Online channel! -  https://www.youtube.com/TheManilaBulletin   Visit our website at http://mb.com.ph  Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin  Instagram: https://instagram.com/manilabulletin  Tiktok: https://www.tiktok.com/@manilabulletin   #VPSaraOnTrial #ManilaBulletinOnline  #ManilaBulletin  #LatestNews

Transcript

00:00So, itong $40,138,000, ito yung pumasok at lumabas na pera sa account ng CALE or CALE ADA for

00:10the year 2024. Am I right?

00:13Let me just check if I find that information.

00:14Ito ba nagja-jag sa records mo?

00:18Transaction.

00:37Yeah, the transaction record shows in 2024, no?

00:42Yes, it's talking about $40,138,766.28?

00:48Exactly.

00:49Okay.

00:50So, yan yung pumasok at lumabas na pera.

00:53Ang lumabas is $40,001,101.79.

00:58Ang lumabas, ang pumasok total for the year 2024, how much?

01:03From January to December 2024?

01:05$40,001,101.79.

01:09Yung pumasok?

01:10Ang lumabas.

01:11Ang lumabas, $40,000,000.

01:12Yes.

01:13Ang total pumasok?

01:15$40,138,766.28.

01:18So, halos parehas lang.

01:19Yes.

01:20Okay.

01:22Sa 2025,

01:27So, 2025,

01:29ang pumasok is $6,265,915.66.

01:36Yan yung total?

01:36Pumasok at pumabas?

01:37Yes.

01:37Pumasok na total.

01:38Okay.

01:39Sige.

01:39Last na naman, Mr. Witness.

01:40Now,

01:41alimbawa,

01:42may nag-deposit

01:44sa account,

01:47peso account ng Kali 88,

01:50na, say,

01:51$5,000,000.

01:52Ano yung protocol ninyo?

01:56$5,000,000?

01:57Example.

01:58Example lang.

01:59Just an example.

02:01Anong mga hiningin yung documents?

02:03Yeah.

02:04In this case,

02:05we also look into

02:06some supporting documents

02:08to prove of that

02:10$5,000,000

02:11came from.

02:12Because,

02:12importante kasi,

02:13we look at the

02:15also the source of funds coming in.

02:17So, we actually also ask

02:19from the client

02:19any supporting documents.

02:21Eh, paano kung wala yung client

02:22at tumawag yung manager nyo,

02:24tumawag yung

02:25vice president ng bangko,

02:26papasuki mo na yan.

02:28Kami ng bahala.

02:29We don't do that.

02:31In fact,

02:31if there is any

02:33ambiguity on that,

02:35we always refer it

02:36to the compliance office

02:37to make the final

02:38judgment on that.

02:40So, meron yung

02:41isang department doon

02:42who will

02:42come up with

02:44a final judgment

02:44whether or not

02:45to accept the deposit?

02:46Yes.

02:46to determine that

02:48and give the recommendation.

02:50Wala ba kayong polis yan

02:51na, sige,

02:52tanggapin na muna yan

02:53and then

02:53later on

02:54saka natin

02:55to follow na lang

02:56yung mga documents

02:57treated?

02:57No, man.

02:58We are very strict

02:59on the KYs

03:00in the compliance, sir.

03:02Thank you,

03:02Mr. Witness.

03:03Salamat po,

03:04Mr. Starting Officer.

03:16Thank you, Mr.

03:16You

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Transcript

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