Showing posts with label Kerwin Espinosa. Show all posts
Showing posts with label Kerwin Espinosa. Show all posts
Wednesday, November 23, 2016
Kerwin claims P50-M in narco sales yearly, P20-M for payola
MANILA - Suspected drug lord Kerwin Espinosa on Wednesday claimed he had gross sales of about P50 million yearly in the illegal drug trade while giving out P20 million in protection money to individuals linked to his illegal drug network.
In his testimony before the Senate, Espinosa said he has been earning around P50 to P60 million a year since 2013.
However, he only earned around P30 to P35 million in 2016.
Espinosa said about 50 percent of gross sales in his drug business is profit. Of this amount, he sets aside more than P20 million to pay off officials and other people involved in the narcotics trade.
"Sa P50 million, your honor, may P20 (million) plus ako na payola," he said at a Senate hearing.
(In my P50-million earnings, I allocate more than P20 million for drug payoffs.)
According to Espinosa, he also has legitimate businesses where he pays taxes.
Espinosa earlier claimed he gave at least P3 million to the police official who led the raid that led to the killing of his father, Albuera Mayor Rolando Espinosa.
He also claimed he gave a total of P8 million in drug payoffs to Senator Leila de Lima through her former driver, Ronnie Dayan.
source: news.abs-cbn.com
Friday, August 19, 2016
LOOK: Suspected drug lord Kerwin Espinosa's cars
ALBUERA, Leyte – Vehicles, including brand new luxury cars allegedly owned by suspected drug lord Kerwin Espinosa, have been surrendered to police in Albuera, Leyte.
According to Chief Inspector Jovie Espenido, Albuera police chief, the vehicles were voluntarily turned over by individuals who were supposedly keeping them for Espinosa.
There are already 15 vehicles parked near the police station, and Espenido said they expect more will arrive as other individuals have called their office to facilitate the turnover of the younger Espinosa’s vehicles in their possession.
Kerwin, the son of Albuera Mayor Rolando Espinosa, would allegedly buy vehicles then place them under the care of his men who have garage in their homes.
SCARED RESIDENTS
Residents of Albuera said some things have changed since their town’s first family was named in President Rodrigo Duterte’s list of alleged “narco-politicos.”
Some vendors in the Albuera market said business has not been as vibrant in recent times. "Natatakot kami," said Shirley Abad, a vendor of dried fish in the market.
Families of individuals who admitted to authorities that they worked for Kerwin and his alleged drug business also confessed to fearing for their lives, despite being placed under police protection, as they were told that unidentified men with harmful intentions were supposedly roaming their area.
"Lagi akong palingon-lingon," said the wife of one witness, who refused to be named.
Police chief Espenido blamed the mayor for threats to the residents’ lives.
"Alam na kasi ng tao na sila ang tagapamatay. Threatened ang mga tao dahil sa pagbalik niya sa opisina,” he said.
However, some Albuera residents continue to stand by their mayor, as they believe that he is a good man.
"Masaya kami dahil bumalik siya rito. Ngayon binabantayan namin. Kahit magdamag, hindi namin siya pababayaan," said Mary Ann Romero.
Other residents declined to comment when approached by ABS-CBN News.
source: www.abs-cbnnews.com
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