Politics · Philippines Bureau
Expert witness flags unusual P41-million withdrawal in Duterte impeachment trial
A financial analyst testified Monday that a P41-million cash withdrawal completed in just over an hour from an account raises red flags due to the lack of a clear transaction trail. The testimony came during Vice President Sara Duterte's impeachment proceedings.
LSN Philippines ·
MANILA — A lawyer and accountant serving as prosecution expert witness questioned the legitimacy of a P41-million cash withdrawal that was processed in one hour and 13 minutes, citing the transaction's unusual nature and gaps in documentation.
Alexander Cabrera, presenting financial analysis evidence during Vice President Sara Duterte's impeachment trial Monday, highlighted concerns about the rapid movement of such a substantial sum and the absence of a transparent paper trail tracking the funds' origin and destination.
The testimony focused on irregularities in banking procedures that typically involve heightened scrutiny for large cash withdrawals. Financial institutions generally maintain detailed records and implement safeguards for transactions of this magnitude to ensure regulatory compliance.
The case centers on allegations related to the vice president's use of confidential funds. Prosecutors have been presenting evidence through expert witnesses to establish potential irregularities in fund management and accountability.
The impeachment trial continues as both the prosecution and defense present their respective cases before the Senate sitting as an impeachment court.