TRENDING: U.S. Returns hefty amount to the Philippine government after seizing assets from convicted Filipino military general!!



U.S. Returns hefty amount to the Philippine government
U.S. Returns hefty amount to the Philippine government.

In a recent event where the U.S. government turned over a check carrying over $1.3M to the Philippine government which was gathered from selling illegal assets that were seized from Maj. Gen. Carlos Garcia who was charged with Bribery and Money Laundering in the Philippines. He was allowed to have bail in exchange for returning half of more than 300 million pesos of the money he stole from the Philippine government. The $1.3M was consisted of the combined amount of the remaining balance from the General’s U.S. dollar bank accounts and from selling his New York City condominium. Though it was the second batch of proceeds that is needed to be returned, there are still a lot of money that is needed to be recovered from the general’s crime. Hopefully the amount of money that have and will be recovered will be used for the improvement of the country itself and not the already extravagant lives of Filipino politicians.





Check worth $1.3 million in seized assets turned over to Philippines from U.S. #NewsBeatWorldhttp://nbs.io/1dT3gcb
Posted by NewsBeat Social on Saturday, June 6, 2015


Where do you think the Philippine government should use the money? Let us know on the comments section below!
TRENDING: U.S. Returns hefty amount to the Philippine government after seizing assets from convicted Filipino military general!! TRENDING: U.S. Returns hefty amount to the Philippine government after seizing assets from convicted Filipino military general!!  Reviewed by Jose Galao on 10:21 AM Rating: 5

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