Romualdez, MIC deny links to convicted financier Mahony

Former House Speaker Martin Romualdez and the Maharlika Investment Corporation (MIC) have denied allegations linking them to British-Swiss financier Patrick Mahony, who was convicted in Switzerland for his role in a Malaysian sovereign development fund case.

These allegations, published by Malaysia-based Sarawak Report, claim Mahony advised on the management and structural framework of the Philippines' wealth fund and was frequently seen with Romualdez.

Romualdez stated that the reports are false, baseless, misleading, and malicious, asserting he has never met or communicated with anyone regarding advisory roles or investment decisions for the fund.

The MIC affirmed that its workforce comprises qualified professionals who uphold high standards and that no individual named Mahony serves as an advisor, consultant, or affiliate to the corporation.