Binay Backing Out from the Presidential Race: Abi Binay said.

Binay_amlc

Binay’s tarnishing the reputation of the Anti-Money Laundering Council (AMLC) is the last defense Binay could muster before his final demise. The funny thing is, he knows he’s at the end of his rope, still in braggadocio stance, like, when he challenged Trillanes to debate, then back out, he still has that gumption sticking to his ambition to run in 2016. To his mind, it is as if this latest bombshell can still be contained. He could have thought it is not yet crunch time, and could be that even before the AMLC came to the scene, he would have stashed, through his dummies, billions in preparation for his election campaign. May be that’s where his confidence comes.

The Court of Appeals (CA) order of freezing Binay’s bank accounts through the report of the AMLC’s officials is the last nail in Binay’s coffin. This is hard evidence. Fence sitting politicians, like, Chiz Escudero, gave credence to the findings of the AMLC. The Bayan Muna, which had been reluctant to condemn, but now their spokesperson started to make noises. Panfilo Lacson wanted Binay to grant a waiver for his bank accounts to clear his name. These people displayed publicly their disgust. The bandwagon emerges. The public see concrete evidence of Binay’s corruption. That his “political harassment” ploy serves no value at all. The freeze of Binay’s family and his dummy’s bank account is not just any more ordinary “political harassment” because apolitical and credible institutions such as the CA and the AMLC are involved.

Binay tainted the AMLC’s report, saying it’s wrong. He said further that the report misled the CA, because it withholds information favorable to him. Binay had probably become dyslexic deflecting all the graft charge level against him that he didn’t seem to realize that the AMLC report had been instrumental in the impeachment of Chief Justice Renato Corona. That the AMLC’s report had been one of the basis why Bong Revilla’s bail for plunder charges was denied. And it could be AMLC’s report, too, that would have added material weight for the court not to grant bail for Jinggoy Estrada’s plunder charge, as well.

Of course, the AMLC’s finding stated in its report was not just pluck out of thin air. It has the imprint of the secretariat composed of five groups, which includes the Compliance and Investigating Group, the Information Management and Analysis Group and the Legal Evaluation Group. The AMLC is headed by the Governor of the Banko Sentral, and assisted by the chairpersons of the Securities and Exchange Commission, and the Insurance Commission. Judging from the data unearthed by the AMLC, it can be considered as a job well done.

With the AMLC’s report, coupled with further diggings, probable cause would surface that Binay and his cohorts violated the Anti-Graft and Corrupt Practices Act, enough to indict them. Binay will then join with his comrades already in jail and permanently say goodbye to his dream of being the President of the Philippines. As the saying goes: “Evil deeds wouldn’t last”. Retribution will have its place to prevent the Filipinos for having another sucker in their midst.

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I am passionate about writing since I was 18 years old. Slowly, through the years, though sidetracks by other endeavors, my passion never wanes. My writing showed some progress, not as much in pecuniary form, but in psychic income. My writing started to have fruition when my opinion pieces, essays, short stories, ghost-writing graced in different publications. With the advent of ¨Blogs¨ of today’s technology, my writing made a leapfrog.

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