The Department of Justice’s National Prosecution Service (DOJ-NPS) has recommended money laundering charges against former Bamban mayor Alice Guo and 30 other individuals for their alleged involvement in illegal activities at the Baofu compound.
Guo, who is linked to online gambling, internet fraud, and other cybercrimes, is accused of laundering illicit proceeds through businesses like QJJ Farm and QSeed Genetics.
The DOJ-NPS found substantial evidence to charge Guo with 26 counts of money laundering and other violations under the Anti-Money Laundering Act.
Despite no direct financial documents, the authorities argued that proceeds from unlawful activities were channeled through her businesses.
The case will be filed in court as soon as possible, according to DOJ officials.
Source: PhilNews24 | January 16, 2025
