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Economic sabotage: Manny Pacquiao withdraws millions from Philippine banks

After losing millions in his failed congressional election campaign in the Philippines, Manny Pacquiao has decided to pull out his boxing dollars from Philippine banks, triggering a wave of mass withdrawals and fears of banks getting bankrupt in his hometown.

ABS-CBN News reports that:

Informed sources said Pacquiao withdrew all his money from a bank in General Santos City as he conducted a personal audit and found he spent more than P140 million in election-related expenses but was still trounced by his diminutive political opponent.

PinoySpy asks: By doing this, is he turning his back on the Philippines. Did Manny Pacquiao feel betrayed by his own countrymen whose flag and colors he brought to the world stage in his every fight?

Reports said Pacquiao’s move to withdraw “most of his deposits” caused panic among depositors in a local thrift bank and two branches of Manila-based banks based in Manila.

The news also created panic withdrawals in two other banks where Pacquiao didn’t even have accounts.

Pacquiao reportledly lost not less than P100 million in the last elections where he lost to incumbent congresswoman Darlene Custodio, and the promised financial backing from President Gloria Macapagal Arroyo’s party did not materialize when financiers realized he was going to lose the elections.

There were also reports that he was duped by political manipulators and even by his own campaign staff, some of whom switched to his rival’s camp after getting sums of money.

Despite his humiliating loss, Manny Pacquiao will receive the “Best Fighter of the World” award from the Boxing Writers of America in New York this week.

Pacquiao is expected to be back to the boxing ring soon, possibly against World Boxing Organization super-featherweight champion Juan Guzman.

 

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49 Comments»

Comment by esteve
2007-06-04 14:20:26

hehehe.ganoon nalang ba karami pera ni manny para mabankcrupt ang isang bangko.
i dont think so!

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Comment by awp
2007-06-04 17:00:06

ayoko sayo pacquiao!!!!!!!!!!!!!!

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Comment by dadocabrera
2007-06-04 18:36:46

nakita mo na niloko ka lang ng mga leader mo na mukhang kuwarta…..maging aral sa iyo ito pacquiao .. wag ka na papagamit sa mga pulitiko polpol

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Comment by Anonymous
2007-06-04 21:59:37

ang kulit naman kasi! hindi naman niya kasi kailangan tumakbo! he has no room for politics! pack shiet!

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Comment by raffy
2007-06-04 22:22:13

para naman comelec ang bumilang ng nagastos ni pacquia sa eleksiyon.
kung sakaling ganoon nga kalaki,siguro si gloria ang dapat niyang makalaban sa susunod na boksing niya
ng dumugin ng tao.

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Comment by rebeloxide
2007-06-04 22:22:24

pakyaw!!! ginawa ka lng tanga ng mga tao sa paligid mo! sayang magling ka pa naman sa boksing! kaso napapaligiran ka ng mga ulol!!! hehehe!!! labanan mo na lng si mayweather, para matapos na career mo!!! hahaha!

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Comment by Anonymous
2007-06-04 22:57:33

pag marami kang pera at sikat madami kang kaibigan na handang umuto at manira ng pangalan at umubos ng pera mo. sana nga nagising ka na manny,
asan na ung mga frends mo? asan na mga ka sosyalan mo sa manila, asan na mga politikong kumapit syo noon?
wala na! kasi TALO KA!!!
kaya yang pera mo ilabas mo na sa Pinas, lagay mo na sa mga Swiss Banks. baka sa susunod na derby ubusin ni Chavit yan ahehehehe

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Comment by guilty
2007-06-05 00:34:20

bobo naman neto… uy study kas para malaman mo panu mag own ng banking business.. loko… ung pera ng mga tao ung nagpapatakbo ng banko.. eh anu ba yung banko na nasa gen.san? swiss bank?? har har …esteve esep-esep…

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Comment by darcknight
2007-06-05 00:50:55

sabi ko na sa iyo manny wag kang sasawsaw sa peratika ay pulitika pala…
mas mahal ka namin sa boxing kesa dyan sa purorotics ay politix pala…

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Comment by ignas
2007-06-05 01:08:18

PUTANG INANG YAN! TAMA YAN MANNY!
UMALIS KA NA SA WALANG KWENTANG BANSANG TO

MGA WALA UTANG NA LOOB MGA TAGA GENSAN.
MAG MIGRATE KA NA LANG SA AMERICA.
MAGANDA PA BUHAY MO DUN, AT NG MGA ANAK MO.

BANDILA NA LANG NG AMERICA I-WAGAYWAY MO!

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Comment by º§Ω┴
2007-06-05 01:33:03

pangit sa america mga white dun eh saka pangit ang mga fil am,maganda lang mga asian hotties dun tulad ng chinese saka japanese. maganda pumunta na lang si manny sa afghanistan kasi mukha syang terorista,mukha rin syang dirty mexican…pero terorista…saka jew. pero terorista. dun na lang sya maganda pa. kasi afghan na sya tapos may halong dirty mexican tapos jew at terorista. haluan na rin natin sya ng konting black. para lima na halo ni manny.

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Comment by Anonymous
2007-06-05 06:09:36

@º§Ω┴ hah? naiintindihan mo ba ang sinasabi mo? or may kausap kang iba?

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Comment by Anonymous
2007-06-05 06:14:36

wag na kayu mag siraan, pareho lang kayu mga unggoy sa pilipinas, wal kwenta mga tao,pinoy ako pero di ako produ noh excuse, mga inutil mga pilipino…walang kaasenso…

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Comment by Anonymous
2007-06-05 08:41:09

Oo nga magtigil kayo lahat kayo mga unggoy

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Comment by kythsus
2007-06-05 09:25:22

pano aasenso ang Pinas eh usong-uso ang crab mentality sa tin. lalo n sa mga garapal na pulitiko.

that’s why i hate politics. 18 n ako pero d p ako registered voter. dahil yaw kong magkamali ng iBOBOto at magsisi lng ako sa huli.

mga pesteng pulitiko.

kng tutuusin mabibilang lng ang mga matitinong pulitiko sa tin eh…

at sila ung mga pinagpapatay, pinapapalayas at kng anu-ano pang mga banat ng ibang garapal masolo lng nila ang mga kwartang pde nilang makuha.

amf!!!

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Comment by daliri
2007-06-05 11:53:17

ang masasabi ko lng imho, literacy ang pinakamalaking problema ng mga pilipino. majority ng mga talangka e yung mga illiterate o insecure na mga peste na hindi marunong tumayo sa sariling mga paa kaya sinasakyan ang pag-angat ng iba either para makapag benefit sila or to have the twisted satisfaction of bringing down others to experience their own pathetic lives. kaya tama na muna workout nyo sa muscles nyo, workout nyo naman mga utak nyo.

d naman kasalanan ni pacquiao na naging BOBO sya.

kasalanan yan ng gobyerno.

kasi hindi pinaprioritize ang education na foundation sana ng improvement ng lahat ng aspects ng bansa. paano kasi, baka di na sila iboto kapag tumaas na literacy rate ng pinas. think about it…

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Comment by WTF
2007-06-05 12:40:45

tangina, let’s join the NPA na lang…

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Comment by fuzzy
2007-06-05 12:53:06

eto ang pinakamalaking diperensya ng US at pinas: ang US gigyera ng ibang bansa para makuha ang langis nito, mapakinabangan, at ma-uplift ang american way of life - ibig sabihin, nangagago sila ng ibang lahi hindi ng mga kababayan niya. Eh ang pinas? dito sa bwakanang ng inang bansa na ito, pinoy nangagago ng kapwa pinoy! sarili niyang dugo sinisipsip niya! tayong lahat umalis na tayo dito. buti na lang approved na ang visa namin - sa canada na ako mamamatay kasama ng pamilya ko. at least dun, ang gobyerno palakad ng mga tao hindi ng mga demonyong nagkatawang pulitiko!
manny, dalisay ang iyong hangaring magsilbi, nagkataon lang na mas magaling si darlene. sa pagkawala ng milyon milyon mo, hindi mo kasalanan yan - naalog kasi ang ulo mo ng husto sa sobrang pagboboxing. sana binigay mo na lang diretso sa mahihirap yung pera, at least talagang alam mong napakinabangan ng mga taong nais mong pagsilbihan.

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2007-06-05 15:39:43

[...] Pinoy Spy posted that after a failed congresional campaign, Manny Pacquiao decided to withdraw all his money from a bank in General Santos after he realized that he spent P140 million in election-related expenses. [...]

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Comment by nk
2007-06-05 16:42:56

oo nga no,mukhang terorista si pacquiao.

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Comment by raffy
2007-06-05 19:14:21

inalis ni pacquiao yun pera niya,kasi nagkami nga siya ,sa blood bank niya dineposit eh dapat sa saving bank.bobo nga kasi.

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Comment by eber alcantara
2007-06-06 00:13:42

I thank GOD na matalo si paquiao… kala kasi ni pacquiao sikat na siya..sana matauhan na siya di lahat ng bagay binbigay sa kanya ng Diyos .. SOBRANG AMBISYOSO di makuntento sa isang bagay… buti nga sa yo…

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Comment by l30
2007-06-06 00:21:54

putang inang yan buti nlang hindi sa sperm bank hahahahah….

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Comment by EKek
2007-06-06 01:01:49

kaya natalo si pacman kasi hindi sya nanalo hehehe.
kaya winidraw ni pacman ang pira nya kasi ipupusta nya sa sabong para makabawi sa talo sa eleksyon.

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Comment by reysinena
2007-06-06 02:25:17

Mabuti natalo siya! Di siya pang kongreso! Pangrueda lang siya sa sabungan at sa ring ng boxing gym.

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Comment by reysinena
2007-06-06 02:25:23

Mabuti natalo siya! Di siya pang kongreso! Pangrueda lang siya sa sabungan at sa ring ng boxing gym.

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Comment by Lt. Barubal
2007-06-06 04:00:21

ikaw naman kase manny, yang game na yan e para sa may mga pinag-aralan…na kalokohan! hindi mo linya yan e, gagawin ka lang tanga ng mga tao na parang utu-uto. parehas na din sa mga artista na kumokotong sa pinas by moving into politics na wala namang alam kundi magpayaman.hindi pangit sa america mamuhay, ang pangit ay yung tao na ang mentalidad nasa ilalim ng kuko sa paa na kahit saan mapadpad, lahat pangit sa kanya..simula pagharap nya sa salamin! payo ko sa yo, learn to be your own boss gaya ng talent mo sa boxing. o baka naman subukan mo pang mag artista at matikman mga dalaginding natin sa puting tabing? wag na, baka sa linya ka ni george estregan bumagsak!

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Comment by ED
2007-06-06 04:31:05

Normal lng yan manny, minsan panalo minsan naman talo.
ang importante gawin mo ang sa palagay mo ay tama at makabubuti sayo.

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Comment by Anonymous
2007-06-06 04:34:17

Ang cute mo talaga manny, pahingi naman ng pera…

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Comment by zbra
2007-06-06 06:20:39

You guys talk like you know the guy so much,leave him the fuck alone,you should mind you’re own fucking business losers!He can do what he wants,it’s his money.

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Comment by Terry Wrist
2007-06-06 08:57:16

BOOOM!!!..Mushroom Cloud sa pinas!!

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Comment by amanda
2007-06-06 09:10:31

wag kang mawalan ng pag asa manny,pera lang yan.I know na sa kabutihan mo pagpalain ka pa ng may kapal ng higit pa sa nawala mong pera.Don’t think too much.GOD IS GREAT!

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Comment by ang brown ay kulay ng tae!
2007-06-06 10:26:16

zbra,kaya nga may ganito para maglagay ng comments eh,ano gusto mo ilagay namin dito,puro positive?!!! jew ka siguro!

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Comment by WTF
2007-06-06 12:25:15

zbra, isa kang hudyo!

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Comment by awp
2007-06-06 15:38:45

heheh! oo nga hudyo!

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Comment by Ako si zbra
2007-06-06 22:11:25

oo, isa akong hudyo! at nagpapasipsip lng ako ke manny para bigyan din ako ng pera.

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Comment by daliri
2007-06-06 22:27:30

zbra, mukha ka namang me pinag-aralan but e you’re not using your head. if you can’t respect other peaople’s opinions/views, then stay the f*ck away from comments/discussion threads. despite whatever maybe manny’s reasons for his actions are, he is a big social figure. and kahit bopol lng si manny but his actions affect many lives, so people have the right to express their views. and if you don’t like democracy, haul your ass off to north korea. you might like it there.

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Comment by rebeloxide
2007-06-07 00:39:09

hehehe!!!! KAWAWANG PAKYAW TALO NA SA PULITIKA TALO PA DIN SA MANOK NAMIN SA DERBY!!!! HEHEHEHE!!!! BUTI NGA SYO! SYADO KA KC AMBISYOSO!!!

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Comment by gardo versoza
2007-06-07 03:26:51

gusto ko makita si manny sa jerry springer show tapos kalaban nya yung mga naging kaalyado nya sa pulitika. gusto ko kasi marinig si manny na sabihin yung “putang ina nyo madam president!”, tapos mumurahin sya nung mga kaalyado nya tapos magkakaroon ng riot saka puro censored yung mga salita nila tapos ginulpi si manny nung mga security ni jerry kasi malalaki kesa sa kanya yun eh. tapos sasabihin ni jerry springer… ang tanga mo kasi manny. heheh! gusto ko talaga makita yung ganun.

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Comment by esteve
2007-06-07 18:27:24

GUILTY:im not good in banking and beside yan utak mo kasing laki ng monggo.ur right na bank is run by people beside wala naman sigurong institution na umasenso pagwalang costumer.lakihan mo naman ang pag iisip mo.hindi naman si manny lang ang mayaman sa gensan and lalo ng hindi pera lang nya ang malaki sa bangko.hindi naman 10 milyon pera ni mammy sa bangko tapos piso lang sa iba.if you think it right maghirap ang bank kasi malaking kawalan kasi malaki ang deposit nya but hindi naman cooperatiba yan na maliit lang ang pera.magsurf ka if how much ang pera ng metro bank or pci bank.how old are you guilty?i guess bata ka pa kasi bata pa pag-iisip mo.ang komento ko lang naman na hindi kayang mabankcrupt ng pera ni manny ang bank sa gensan.hehehe lakihan mo ang pag iisip mo na kasing laki ng yabang mo.

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Comment by jill
2007-06-07 23:16:51

TANGALIN NLNG ANG ELECTION SA PILIPINAS, PALABONOTAN NLNG.. WALA RIN NMN MAGANDA NANGYAYARI PAHIRAP LANG NG PAHIRAP, PALABONOTAN WALA PANG SISIHAN.

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Comment by EKek
2007-06-08 03:23:11

eh kasi naman, natuto lang ng kunti mag ingles akala nya matalino na sya hehehe.
ang galing ha!pumasa pa sa highschool exam ng deped, magkano kaya binayad nya hehehe.

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Comment by rebeloxide
2007-06-08 06:28:56

PABOR AKO SA SUGGESTION NI JILL PALABUNUTAN NA LNG!!! PAREPAREJO NAMAN WALANG KWENTA MGA NAKAUPO!!! PURO MANDARAYA PA!!! HEHEHE!!!

( DADAMIHAN KO UNG PANGALAN KO SA PALABUNUTAN PARA MALAKI CHANCE MANALO!!!)hehehe!!!!!

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Comment by boolbetz
2007-06-08 20:26:57

tama yang ginawa mo manny. i-withdraw mo nlng ang lahat ng pera mo sa gensan. mga walang kwenta yng mga kbbayan mo. ilagay mo sa davao kc meron ka bahay dito. wag ka magyabang dun para hndi ka ma DDS.

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Comment by marquez
2007-06-09 01:54:52

pareho kayo lahat ni manny…. mga !!!

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Comment by Flash
2007-06-09 06:03:44

Ingat lang Manny,baka matulad ka kay Navarrette.

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Comment by Siotito Pepito
2007-06-09 17:19:03

What can I say buti nga sa iyo Pakyaw at tinalo ka na mas maliit sa iyo at babae pa at worse sa isang non contact contest ka pa tinalo. HAHAHAHAHAHAHAAAAA kita mo naman ang tadhana ng tao.

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Comment by bigboypeping
2007-06-14 21:23:58

i just can’t help but react on all this comments especially the negative ones towards pacman…i mean u are intitled to ur own opinions but bashing and dirty talking are just way below the belt..its just plain unprofesional.pacman has given the country so much honor, so much pride..i got teary eyed when he waved our flag amidst thousands of foriegners around,i could never forget that..now if in whatever motivation he has in running for public office, that i could say -I ALSO DONT HAVE THE RIGHT TO JUDGE HIM.and trash/dirty talk like monkies from timbukto is definitely a big no no.u guys think ure smarter than manny??prove it..give ur country a bit of honor..(that we will salute you)if u cant then you better sew ur filthy mouths up…if you want more explanation, pls visit pacland and wed like to listen to your brilliant ideas…Peace!

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Comment by Titi Mo
2007-06-16 06:25:03

May kasabihan sa English…”There is no limit to greed and stupidity”. Parehong pinakyaw ni Pacquiao - estupidong swapang! Buti nga sa ‘yo.

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