Jose Teodoro Limcaoco, the managing director and chief financial officer (CFO) of Ayala Corporation, said that the documents of the supposed Bank of the Philippine Islands (BPI) accounts of Davao City Mayor Rody Duterte that former DILG Secretary Mar Roxas and Senator Antonio Trillanes IV have recently shown to public are not legit.
As we all can recall, Senator Trillanes on Thursday, April 27 showed a document to the media which he said are proof that Mayor Duterte has at least P211 million in his BPI bank account at Julia Vargas Avenue branch in Pasig City in 2014. Duterte allegedly held seven joint accounts with his daughter Inday Sara at the same BPI bank branch.
That same day, journalist Ellen Tordesillas wrote on Facebook, saying that her friend deposited P500 to the supposed Duterte’s BPI account. She also posted a photo of the deposit slip proving that the said account really exists. Later, Mar Roxas showed to a media a deposit slip, proving that his camp also deposited P500 to the same bank account.
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As a response, Mayor Duterte admitted to the media that he is the real owner of the said bank account at BPI Julia Vargas branch. However, he categorically denied Trillanes’ allegations, noting that it is “a little less than 200 million.” The tough-talking mayor then said he is accepting the senator’s challenge to open the said BPI account on Monday, May 2. He said he will be represented by his legal counsel, Atty. Salvador Panelo.
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This Friday, BPI finally breaks its silence and issued an official statement on Facebook on this controversy. And although it did not mention any politician’s name, it assured the public that there has been no breach of client confidentiality in their bank based on their initial invetigation. The bank also vowed to always protect their clients’ information.
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In line with this, Jose Teodoro Limcaoco commented on the issue. Based on the earlier memo released by Ayala Corporation, he was appointed as Chief Finance Officer (CFO) and Finance Group Head of the company effective April 10, 2015. Limcaoco is also a former President of BPI Family Savings Bank and President of BPI Capital Corporation.
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“I don’t know where Sen. Trillanes got his information, but the graphic posted by the Inquirer showing alleged credits, that is not a BPI document. The deposit slip shown by Mar or the Inquirer is not a unique thing. All banks will show the name of the depositor on a deposit slip.” Limcaoco was quoted telling to Rappler via in a mobile phone reply.
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And in case you don’t know, Bank of the Philippine Islands (BPI) is owned by Ayala Corporation, which was founded by Antonio de Ayala and Domingo Roxas during the Spanish era. Domingo Roxas is the great grandfather of the late president Manuel Roxas. Therefore, he is the great, great grandfather of LP presidentiable, Mar Roxas.
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