Ombudsman to conduct preliminary probe into Romualdez for plunder, money laundering

The Office of the Ombudsman announced on Monday that it will commence a preliminary investigation into former House Speaker Martin Romualdez for alleged plunder and violation of the Anti-Money Laundering Act. This move stems from a fact-finding probe into his purported involvement in anomalies concerning flood control projects. Assistant Ombudsman Mico Clavano stated in a press briefing that their thorough investigation has identified the former speaker as the "central figure" in a scheme involving the diversion of public funds intended for flood control projects. He clarified that the initiation of a preliminary investigation does not equate to a conviction but signifies that substantial evidence has been gathered to warrant a full and formal inquiry. According to Clavano, the complaints were triggered by sworn statements from eight former bodyguards of former House Representative Zaldy Co. These individuals claimed to have delivered money to several public officials, including Romualdez. Clavano emphasized that these testimonies are corroborated by an "independent evidentiary trail" involving money exchange companies, bank transfers, and shell companies, all linked to personalities associated with the former Speaker. The Ombudsman's office expressed strong confidence in the case, asserting that even if the former bodyguards were to recant their statements, the information provided would still stand due to the corroborating evidence. Ombudsman Jesus Crispin Remulla had previously indicated that his office was nearing the completion of its fact-finding investigation against Romualdez regarding the flood control anomalies. Remulla had also mentioned that the office was looking into alleged budget insertions made in the 2025 national budget by an unofficial committee of select congressmen after its approval in the bicameral conference committee. An order for Romualdez and his co-respondents to file their counter-affidavits is expected to be issued this week. While the names of other respondents were not disclosed, it was mentioned that there are "more than 10" individuals involved. Corruption allegations in the Philippines often involve the misuse of public funds and the close ties between politicians and the business sector. Infrastructure and public works projects, in particular, are closely scrutinized due to the substantial budgets involved. The current investigation, targeting a figure who held a high office, is expected to draw significant attention.