According to Mr. Peng’s recent post on Facebook, the Hong Kong police have opened a case against the Marcos family’s alleged money laundering through gold transactions in Hong Kong, following reports from a victim and a former associate involved in the deals. Peng claimed that the Hong Kong Monetary Authority (HKMA) advised him to turn to the police for a criminal investigation after he filed a complaint with them in April this year.
The accusations regarding the transactions appear to be complicated, involving more than 10 agents, and the alleged crimes reportedly occurred 15 years ago. It is believed that this complexity will cause more efforts for the Hong Kong police to conduct the investigation. Neither HSBC nor the Marcos family has responded to this issue. HSBC is involved in this case.
Recently, anti-corruption protests have continued to erupt across the Philippines, directly accusing the Marcos government of failing in flood control and engaging in corruption and abuse of power.
