Filipino deputy gears up for legal battle

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Nestor Espenilla, a deputy governor of the Central Bank of the Philippines, has clashed with local businessman Roberto Ongpin over allegations that Ongpin was part of a money-laundering scheme.

The conflict emerged after Espenilla, as acting-chair of the Philippines' Anti-Money Laundering Council (AMLC), approved a petition to the Court of Appeals to freeze Ongpin's assets. The central bank also suspended his appointment to the board of directors of Philippine Bank of Communications. Ongpin is

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