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Jose Pidal Bank Account

Page history last edited by PBworks 14 years, 1 month ago

On  Aug.  18,  2003,  opposition  senator Panfilo Lacson  accused  First  Gentleman  Jose Miguel Arroyo of money laundering for supposedly  siphoning  off at least P321 million in campaign funds and contributions  to a secret bank account under the fictitious name Jose Pidal and three other accounts using the names of his aides. Among the "donors,"  Lacson  said,  was then Rep. Mark Jimenez who contributed a total  of  P8  million.  Lacson  also  accused Mr. Arroyo of having an affair   with   his   accountant,  Victoria  Toh.  Following  Lacson's allegations,  Mr.  Arroyo's  younger brother, Ignacio, came forward to say he is Jose Pidal.



During the investigations, Iggy Arroyo consistently asked for his right to privacy be respected so the investigation never prospered!



Questions were never answered. Who really owned the account, where did the money come from, why was an alias used, where is the money now, have the taxes been paid? And many more. Yet what we have at this moment is deafening silence and the accused hoping that the issue just would go away by itself!

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