Mercado: How Binay allegedly hides his wealth?

How Binay Hides His Wealth - Mercado

Former Makati Vice Mayor Edgardo Mercado on Wednesday, October 22, showed a presentation in the Senate Blue Ribbon subcommittee how VP Binay allegedly hides his wealth.

How Binay Hides His Wealth - Mercado

The Powerpoint presentation is titled “Paano Tinatago ni VP Binay ang kanyang yaman?” explaining how VP Binay used dummies to hide his ill gotten wealth and purchased property and acquired businesses.

Mercado revealed that Vice President Binay was called ‘M1’ while he was called “M2” during the years when they were still the mayors of Makati City.

He also has shown some documents of ownership of a log cabin in Tagaytay allegedly belonging to Binay. It costs P15 million.

Mercado also revealed how Gerry Limlingan manipulated documents to buy properties and businesses. “Pano ginagawa ni Limlingan ang manipulation? Kukuha ng magaling na law office, aalamin ang technique, dodokumentuhan,” Mercado said in a live broadcast.

“Yung ibang pumirma diyan para matransfer yan, hindi po totoong pirma ng mga tao yan.”

Mercado said in a statement that he is ready to cooperate with the DOJ, NBI and give documents on supposed Binay properties to resolve issue.

He also revealed that when senate probe started, a close personnel of Binays gave him 2 balikbayan boxes and that he will reveal the balikbayan boxes allegedly from Binay aide in due time. Mercado said he was advised by DOJ Sec. de Lima to allow the NBI to see the balikbayan boxes first before submitting it to the Senate Blue Ribbon subcommittee.