5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Court convicts Napoles of money laundering

by
October 2, 2025
in Stock
0
Court convicts Napoles of money laundering

Court convicts Napoles of money laundering – BusinessWorld Online


      
      
      
      
      








PHILIPPINE STAR/BOY SANTOS

THE PASIG Regional Trial Court (RTC) on Wednesday found Janet Lim Napoles, the so-called pork barrel queen, guilty on 13 counts of money laundering, the Anti-Money Laundering Council (AMLC) said.

“In a Decision dated 01 October 2025, the RTC Branch 158 (in) Pasig City has convicted Janet Lim Napoles on 13 counts of money laundering in connection with her orchestration of 2013’s Priority Development Assistance Fund (PDAF) scam, widely known as the ‘pork barrel’ scam,” the AMLC said in a statement.

Under the ruling, the RTC discovered that Ms. Napoles used nonexistent non-government organizations to get pork barrel funds for ghost projects.

“By making it appear that the funds originated from legitimate sources, Napoles concealed its criminal origin — an act that fully satisfied the elements of money laundering under the Anti-Money Laundering Act of 2001, as amended,” the AMLC said.

Ms. Napoles will face seven to 14 years of imprisonment for each count and a P94.15-million fine. However, the AMLC said that remains subject to appeal.

Ms. Napoles was first convicted of money laundering in July 2024, where she was sentenced to seven to 14 years of imprisonment and a P16-million fine.

“This sends a strong message: those who abuse public funds will be held accountable,” AMLC Executive Director Matthew M. David said in a statement.

“The AMLC welcomes this court decision as a demonstration of AMLC’s relentless pursuit of individuals who exploit the financial system to conceal corruption,” he added. — Katherine K. Chan

CEDTyClea

RELATED ARTICLESMORE FROM AUTHOR




MORE STORIES


Previous Post

BSP OKs emergency withdrawals

Next Post

154 charged in Sept. 21 protest

Next Post
154 charged in Sept. 21 protest

154 charged in Sept. 21 protest

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Baroness Mone accuses Rachel Reeves of ‘inflammatory’ language after £122m PPE Medpro court defeat

    Baroness Mone accuses Rachel Reeves of ‘inflammatory’ language after £122m PPE Medpro court defeat

    October 2, 2025
    Philippine inflation likely rose to 1.9% in September – poll

    Philippine inflation likely rose to 1.9% in September – poll

    October 2, 2025
    Philippine electronic product exports may reach $110 billion in five years

    Philippine electronic product exports may reach $110 billion in five years

    October 2, 2025
    Business confidence, economic outlook may take a hit amid corruption probe

    Business confidence, economic outlook may take a hit amid corruption probe

    October 2, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.