NBI Validates Two 'Cash Houses' Linked to Former Speaker Velasco

MANILA — The National Bureau of Investigation said Wednesday it has substantiated allegations made by a dismissed police officer concerning two properties claimed to be "cash houses" connected to former Speaker Lord Allan Velasco and his spouse.

Investigators stated they were able to verify the officer's claims and establish that two of the seven residences mentioned in the complaint were indeed linked to the former legislative leader. The confirmation marks a significant development in the ongoing investigation into the alleged financial operations.

The dismissed police officer had originally identified seven properties as potential cash houses operated in connection with Velasco and his wife. The NBI's validation of at least two of these locations adds credibility to the allegations and may broaden the scope of the agency's inquiry.

The investigation continues as authorities seek to determine the nature and extent of activities conducted at the validated properties. Further details about the specific locations and the nature of operations allegedly conducted there were not immediately disclosed by the NBI.