Philippine ex-speaker stashed billions of pesos ‘he could no longer hide’: prosecutors

Philippine ex-speaker stashed billions of pesos ‘he could no longer hide’: prosecutors

Martin Romualdez, a cousin of Philippine President Ferdinand Marcos Jnr, accumulated so much wealth over the past three years that he had to convert it into mansions and shares to avoid scrutiny, the Office of the Ombudsman alleged on Tuesday – a day after filing a plunder case against the former House speaker. The Ombudsman filed the case on Monday against Romualdez, former House appropriations committee chairman Zaldy Co and two others, accusing them of accepting at least 7.44 billion pesos...

By SCMP’s Asia desk