Jack Lam, Chairman of the Jimei Group in Hong Kong, established the
Philippine Travel and Amusement Management Company Limited to
facilitate the junket travels of high rollers from mainland China, Hong Kong
and Taiwan to his casinos in Llocos Norte, Pasay City and Cebu in the
Philippines. In addition, he set-up numerous other dummy corporations for
alleged money laundering operations and other alleged illegal activities.
It is not known whether these dummy companies were owned by Mr Lam,
the Jimei Group or others of alleged ill-repute. Per Herb Weaver |