USE OF MANILA FINANCIAL EXCHANGE BY CHINESE COMMUNISTS IN PHILIPPINES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R006300060006-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: November 16, 2016
• Document Release Date: April 5, 2000
• Sequence Number: 6
• Publication Date: December 29, 1950
• Content Type: REPORT

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SU5JEC ' Use of Manila Financial. Exchange by Chinese No OF PACES 2
Communists in Philippines
25X1A
PLACE
ACQUIRED
DATE OF . Ki I'd CIA LIBRARY
L GO Kim Pah, also known as CO To Son,* President of the Equitable Banking
Corporation, is also Director of the Kang Lam Exchange and Finance Corpora-
tion, %-o a firm which is being used by the Chinese Communist Party as a
clearing house for exchange transactions,. trade transfers, and other financial
manipulations by means of which funds are being sent to Communist China
by way of Hors. Kong? These commercial channels may also be used for trans-
mitting high level Chinese Communist communications between the Philippines
abd China.
2? CO Pak$ also has business connections with the Kang Lam firm
3 ~ SY Yak Sing, Secretary General of the Kuomintang Party of the Philippines,
who had sworn to Philippine authorities that GO was a member of the Kuomintang
Party of the Philippines in good standing, later withdrew this statement and
declared that GO is a Communist who is utilizing the facilities of the Kang
Lam organization for the pruposes of the Chinese Communist Party.
Comment., - reported that GO is a close friend of
CO'ak, with whom he is believed to have business interests.
omment~ reported that a fir known as the Kang
Lam Exc : rye, a money exchange office in itnila
was being used b
,
y
certain Philippine Chinese Communist leaders in connection with arms
and gold smuggling operations from the Philippines. This firm was
described as connected with the Yu Liars Exchange in Manila in these
enterprises. An individual known as CHUG Chi Bin and as i3enato, re-
portedl,y a Chinese Communist financier, has been described as owner
and operator of the Kee Lam Exchange which is believed to be identical
with th. firm described in this report.
Ce int. CO Pak, a well known Philippine Chinese who re-
portedly is the leading financier of Chinese Communist activities in
Manila and throughout the Philippines, is a 'close associate of
maV
25X1A leading Phil-1 i ff
n
p
p
e o acxals. /recent reports on his political
financial activities include
CLASSIFICATION ~. a r~ k " UA., Amen
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Ev t~stat: 1 DISTRIBUTION
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AIR i
This document is heresy regraded to
CONFIDER. i IAL in - s';o -danco w"th the
letter of 16 Octo'l.or 1078 from the
Director of Central In'Lc l genco to the
Archivist of the United Stales.
000/05/18 : C
ATrot d For eater
ex t I view a e:
Dec nt
Ile Cit go n
i L3s iassE
Mass. Chang
Ruth.: HER 0
FVJft8
NO. OF ENCLSS
(LISTED BELOW)
SUPPLEMENT TO
REPORT NO.
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 Approved For Release 2000/05/18 : Cl nWIP6300060006-4
ST/(X)NTROL - U.S. OFFICIAL.3 ONLY
CENTRAL IN LLIGENCE AGENCY
Come nta It is possible that the financial enterprises directed by
25X1X Antonio nuirino, brother of Philippine President Elpidic (uirino, also area
connected with these Chinese Communist iflterests,
CONFIDENTIAL
84'/CONTROL 6- U.S. OFFICIALS OJUZ
Approved For Release 2000/05/18 : CIA-RDP82-00457R006300060006-4