Presidential Commission on Good Government (PCGG) Chairwoman Haydee Yorac told The STAR that Edna Camcam was reported to have withdrawn the money from an undisclosed bank in Hong Kong and deposited it in a bank in Germany last February.
At Deutsche Bank, Camcam was said to have accompanied Irene Marcos-Araneta and her husband Gregorio.
Yorac said the PCGG had not yet determined how long Camcam had been involved in alleged money-laundering operations.
"We don’t know yet if it’s the first time...," she said. "(But) even the person to whom she sent the money is identified but we can’t reveal it at this time. We don’t want to give them warning." – Sheila Crisostomo