Wife of Pasig shabu tiangge operator found guilty of money laundering
September 22, 2022 - Thursday 11:09 AM by Antonio Hernandez
The wife of the late Amin Imam Boratong, the operator of the "shabu tiange" in Pasig City, was found guilty by the Pasig City Regional Trial Court (RTC) of six counts of money laundering for maintaining bank accounts with a huge stash of money despite having no known source of legitimate income in violation of Republic Act 9160 or the Anti-Money Laundering Act of 2001.
Pasig City RTC Branch 167 Judge Annielyn Medes-Cabiles sentenced Sheryl Molera Boratong to 42 years as minimum imprisonment and 78 years as a maximum.
The court also ordered Boratong to pay a fine of P 3 million each for the six counts of money laundering charges.
Also convicted by the court was bank manager Godofredo Aquino Medenilla who facilitated the opening the Boratong couple's accounts and subsequent bank transfers of their money.
Medenilla was sentenced from eight to 12 years imprisonment and to pay a fine amounting to P1.5 million each for the two counts of violation of the anti-money laundering act.
The money laundering case stemmed from the raid conducted by police anti-drug operatives on the shabu tiange located in Barangay Palatiw, Pasig City, in 2006.
The police subsequently charged the Boratong couple with violation of RA 9165 or the Dangerous Drugs Act.
Amin Boratong died of COVID-19 in 2020 at the New Bilibid Prison (NBP) in Muntinlupa City.
The court convicted them in 2009.
While the drug case was being heard, the Anti-Money Laundering Council (AMLC) opened an investigation on their bank accounts upon the request of the police.
The AMLC probe showed that Sheryl was maintaining several accounts and in three months--from December 2005 to February 2006-she transacted a total of P1.5 million.
An AMLC investigator, Atty.Rafael Echaluse told the court that Sheryl had no known source of income and was not legitimately employed as she was still a student at the time.
"The huge amount of funds that Sheryl transacted for just three months from December 2005 to February 2006 cannot be justified by any legal source of purpose," part of the court's ruling stated.
Likewise, the court said Sheryl has no record as a taxpayer with the Bureau of Internal Revenue (BIR).
"Thus the funds are proceeds and/or related to the unlawful activity of violation of RA 9165," the court added.
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