SINGAPORE — The mayor of a small town in the Philippines, who is said to own 16 vehicles and a helicopter, has been linked to two foreigners arrested in Singapore's $3 billion money laundering case. The revelation emerged when Alice Guo, mayor of Bamban in Tarlac, a province north of Manila, was investigated by the Senate of the Philippines over...
Philippine Senate investigating small-town mayor linked to couple in Singapore's $3b money laundering case
According to media reports, the company built a compound in Bamban that allegedly housed illegal scam operations. Guo said she divested from the company in 2022 before she ran for mayor, and added that she had never spoken to the couple. Hongsheng Gaming Technology Incorporated, which was located in the compound, allegedly operated fraudulent cryptocurrency investment scams under the guise of a legitimate Philippine offshore gaming operator .The company changed its name to Zun Yuan Technology Incorporated three months after the raid and continued its operations, till it was raided again in March 2024.
"I know all the politicians in Tarlac, and no one knows her. We're wondering where she came from," he said.Documents obtained by Senator Hontiveros showed Guo owned a helicopter and 16 vehicles. Senator Hontiveros took aim at Guo's alleged criminal links in a press release, writing: "Is this why she can afford her extravagant lifestyle? Could her purchases of helicopters and luxury cars come from criminals and fugitives?"
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