Lacson Raises Alarm Over Alleged Money Laundering by ‘BGC Boys’ Through Casino Transactions
Manila: Senate President Pro Tempore Panfilo Lacson has issued a warning regarding the nearly PHP950 million in casino transactions by a group known as the ‘BGC Boys’ or Bulacan Group of Contractors, which he suggests may be part of a scheme to launder illicit funds from questionable flood control projects. According to Philippines News Agency, Lacson, in his privilege speech, highlighted records from at least 13 casinos indicating substantial cash-to-chips and chips-to-cash activities involving billions of pesos. These transactions were reportedly conducted under the names and aliases of officials from the Department of Public Works and Highways (DPWH) and associated