AGL 40.10 Increased By ▲ 0.07 (0.17%)
AIRLINK 128.34 Increased By ▲ 0.64 (0.5%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.54 Decreased By ▼ -0.06 (-1.3%)
DCL 9.22 Increased By ▲ 0.43 (4.89%)
DFML 41.73 Increased By ▲ 0.15 (0.36%)
DGKC 87.00 Increased By ▲ 1.21 (1.41%)
FCCL 32.63 Increased By ▲ 0.14 (0.43%)
FFBL 64.56 Increased By ▲ 0.53 (0.83%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.24 Increased By ▲ 1.47 (1.33%)
HUMNL 14.95 Decreased By ▼ -0.12 (-0.8%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.34 Decreased By ▼ -0.11 (-1.48%)
MLCF 40.89 Increased By ▲ 0.37 (0.91%)
NBP 61.63 Increased By ▲ 0.58 (0.95%)
OGDC 196.25 Increased By ▲ 1.38 (0.71%)
PAEL 27.56 Increased By ▲ 0.05 (0.18%)
PIBTL 7.70 Decreased By ▼ -0.11 (-1.41%)
PPL 153.76 Increased By ▲ 1.23 (0.81%)
PRL 26.80 Increased By ▲ 0.22 (0.83%)
PTC 16.34 Increased By ▲ 0.08 (0.49%)
SEARL 83.75 Decreased By ▼ -0.39 (-0.46%)
TELE 7.84 Decreased By ▼ -0.12 (-1.51%)
TOMCL 36.50 Decreased By ▼ -0.10 (-0.27%)
TPLP 8.93 Increased By ▲ 0.27 (3.12%)
TREET 17.12 Decreased By ▼ -0.54 (-3.06%)
TRG 58.89 Increased By ▲ 0.27 (0.46%)
UNITY 28.15 Increased By ▲ 1.29 (4.8%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,960 Increased By 768 (0.82%)
KSE30 29,500 Increased By 298.4 (1.02%)

President Rodrigo Duterte on Thursday threatened to "whack" the Philippines' money laundering council, a regulatory body headed by the central bank governor, accusing its officials of corruption and failing to do their job. Duterte, given to incendiary language, was furious that the central bank's Anti-Money Laundering Council had failed to provide him an unspecified "assessment report".
"I'll count one to three and if you don't resign, I will treat you as a drug addict," said the 71-year-old, who is waging a brutal anti-drug campaign that has left more than 5,000 people dead since he became president in July. In a speech after signing the 2017 national budget, he said: "Better prepare there because I'll give you a whack." "You are all corrupt," he said, without naming any official.
"I am going to charge all of you there, criminally." The four-member council is the state regulatory body enforcing the country's anti-money laundering law. It is headed by central bank governor Amando Tetangco and also includes the government's chief insurance and securities regulators, as well as the council's executive director. Duterte did not spell out what was in the report he was demanding.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.