SENATE President Sherwin “Win” Gatchalian on Friday asked how CALE88 Foods Corp. recorded more than ₱700 million in inflows cited from Anti-Money Laundering Council (AMLC) records when it reported about ₱208 million in sales.
The Bureau of Internal Revenue (BIR) witness said the money might have come from sources other than sales—but should still be accounted for in the company’s audited financial statements.
“Paano nagkaroon ng remittance na ₱700 million pero ang sales niya ay ₱200 million?” Gatchalian asked BIR Chief of Staff Atty. Anne Loraine Garcia-Marquez during the impeachment hearing.
Garcia-Marquez had earlier given CALE88’s BIR-recorded sales for 2021 through 2025 as ₱208,493,545. Senator-Judge Risa Hontiveros had cited about ₱776 million in AMLC-recorded inflows. The totals cover different periods, and an inflow is not necessarily a sale.
Gatchalian wanted to know what the other receipts represented and where the company had recorded them.
“Baka po hindi po siya sales transaction,” Garcia-Marquez replied. A loan or donation was also possible, she said, but she could not identify the source of the particular inflows from the records before her.
Gatchalian pressed her on whether the money appeared elsewhere in CALE88’s filings—as sales, a loan or another entry.
Garcia-Marquez explained that the company’s audited financial statements should have accounted for cash received, including through the cash-flow statement.
“So any inflow na na-receive ng company should have been declared in the audited financial statement,” she said.
Gatchalian said further review of CALE88’s books should be done to explain the multimillion inflows shown during the open trial.
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