Politics · Philippines Bureau
AMLC finds no link between Romualdez cash flows and DPWH funds
A financial investigator testified that former House Speaker Martin Romualdez's cash inflows showed no traceable connection to Department of Public Works and Highways disbursements over a nearly three-year period. The finding was presented as part of ongoing financial scrutiny involving the former lawmaker.
LSN Philippines ·
MANILA — An Anti-Money Laundering Council investigator has testified that cash inflows recorded in the accounts of former House Speaker Martin Romualdez could not be traced to disbursements from the Department of Public Works and Highways during the period from June 2022 to September 2025.
Attorney Jan Mark Busa, presenting findings from the AMLC's financial analysis, indicated that no direct link could be established between Romualdez's incoming funds and payments originating from the DPWH, former lawmaker Zaldy Co, or contractors operating during the examination window.
The testimony forms part of an ongoing investigation into the financial activities of the former Speaker. The AMLC's role involves examining suspicious transactions and potential money laundering concerns, which has heightened scrutiny of high-profile political figures' financial records in recent years.
Romualdez, a long-time political figure and ally of former President Ferdinand Marcos, served as House Speaker until recent years. The investigation represents one of several financial examinations facing prominent Philippine politicians under intensified anti-corruption and financial transparency efforts.