Manny Pacquiao withdraws his money, instigates ‘mini bank run’

Jun. 04, 2007

Apparently upset that he was defeated in his congressional bid and that his “principals” in Manila have so far failed to reimburse him the 140 million pesos he supposedly spent in the elections, boxing hero Manny Pacquiao reportedly instigated what amounted to a mini bank run after he withdrew all his remaining money from three banks.

According to BusinessMirror, “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.”

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