BusinessWorld Online
Marcos seeks charges vs 8 lawmakers in flood-control scandal
President Ferdinand "Bongbong" Marcos Jr. announced that up to eight members of the House of Representatives will face plunder, graft, bribery, and conflict-of-interest charges in connection with a multibillion-peso flood control scandal.
The Independent Commission for Infrastructure (ICI) and the Department of Public Works and Highways (DPWH) will submit evidence to the Office of the Ombudsman recommending these charges.
The implicated lawmakers allegedly own construction companies that secured projects from the DPWH.
President Marcos stated that more assets would be frozen as the government seeks to recover public funds.
The Anti-Money Laundering Council (AMLC) has secured two more freeze orders, bringing the total value of assets locked in the controversy to about P12 billion.
These freeze orders covered some P4 billion worth of air assets linked to former Party-list Rep. Elizaldy S. Co, as well as numerous bank accounts, insurance policies, motor vehicles, real properties, and e-wallet accounts.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Seven individuals linked to anomalies in government flood control projects are now under state custody.
+1
Read more →
The Independent Commission for Infrastructure (ICI) and the Department of Public Works and Highways (DPWH) have recommended to the Office of the Ombudsman the filing of plunder and graft charges against eight lawmakers.
+1
Read more →
The Department of Public Works and Highways (DPWH) and the Independent Commission for Infrastructure (ICI) have recommended the filing of plunder, graft, and bribery complaints against former House Speaker Martin Romualdez and former Ako Bicol Rep. Zaldy Co before the Office of the Ombudsman.
+3
Read more →
The Anti-Money Laundering Council (AMLC) has secured two new freeze orders, bringing the total value of immobilized assets linked to the flood control scandal to P11.7 billion.
+1
Read more →
The Independent Commission for Infrastructure (ICI) estimates that up to 1,200 individuals may be involved in fraudulent flood control projects across the Philippines, with 15 people implicated per ghost project.
Read more →