The Bank of Guam (BOG) has cited customer privacy in the case of President’s Chief Security Guard who was arrested and later bailed for alleged bank fraud turned money laundering.

The manager of BOG, Koror, David Sablan said that he is not allowed to talk to the press directly about Clifton Soalablai case that occurred at his bank. He, however, facilitated access to a senior employee of BOG head office Jackie Marati.

When Marati was asked about the reason as to why BOG did not file charges against Soalablai for alleged bank fraud, he said, “Regrettably, we are not in a position to provide a comment due to customer privacy concerns.”

Soalablai, a Lieutenant Police Officer and a Chief Security Officer of the President is charged with money laundering, theft of a government property and misconduct in a public office by the special prosecutor. Soalablai’s wife as well has been charged with money laundering and theft of a government property

Soalablai allegedly deposited a check given to him by the government in return of his services with a false amount $52,471 instead of $524.71 at BOG Koror ATM and then along with his wife withdrew a total sum of $6,870 in cash in the amounts of $70 to $600.

Money laundering under Palauan law is defined as (1)The conversion or transfer of property for the purpose of concealing or disguising the illegal origin of such property; or (2)The concealment or disguise of the illegal nature, source, location, disposition, movement, or ownership of property.

“As I explained during my confirmation hearings, I will not try our cases in the press during the pendency of a case as I believe it is unethical to do so.” Special Prosecutor April Dawn Cripps said when Island Times reached out to the OSP for clarification on charges against Soalablai. (By Eshan Kalyanikar)