AMLC says P4.509 billion in Romualdez-linked transactions – but no trace to DPWH
An AMLC witness told the Sandiganbayan about P4.509 billion in linked bank transactions, but no DPWH trace was found.
By YouScoop Desk · · 1 min read
The gist
- An AMLC financial investigator told the Sandiganbayan that bank transactions linked to former House Speaker Ferdinand Martin Romualdez reached about P4.509 billion.
- GMA News reported that, according to the AMLC, there are no bank records showing a contractor or DPWH sending money to Romualdez.
- Inquirer.net reported that Romualdez's cash inflows were not traced to DPWH or to Zaldy Co.
Why it matters
This testimony puts a large figure on bank activity linked to a former House Speaker, in an active court setting. The reports also say the money was not traced to DPWH or Zaldy Co, which narrows what the testimony establishes. The sources do not say what happens next.
An AMLC financial investigator told the Sandiganbayan that bank transactions linked to former House Speaker Ferdinand Martin Romualdez reached about P4.509 billion. ABS-CBN News first reported the update, and other outlets have since covered the same testimony.
The figure is big, but the details that followed matter just as much. GMA News reported that, according to the AMLC, there are no bank records showing a contractor or DPWH sending money to Romualdez.
Inquirer.net carried a related angle: the AMLC witness said Romualdez's cash inflows were not traced to DPWH or to Zaldy Co. In plain terms, the reports describe a large amount of money linked to Romualdez, but no bank trail that the witness connected to DPWH or Zaldy Co.
What the two reports have in common
Both reports point to the same gap: the amount is large, yet the money was not traced to DPWH. Read together, the reports focus on the links between the money and the agency, rather than on the total alone.
Zaldy Co is named in the same testimony coverage, but the sources do not describe his role in the transactions. Readers should avoid filling that gap with guesses, since the reports only state what was and was not traced.
The sources also do not say how the Sandiganbayan will weigh this testimony. There is no word yet on the next hearing or on any ruling tied to the update, so the story is still developing.
For now, what is known is the testimony itself: a P4.509-billion figure, along with reports that the money was not traced to DPWH or Zaldy Co.
Does a big number with no clear link to DPWH make this case harder to follow, or would you rather wait for the full trail before forming an opinion?
Sources
This story is written in our own words from reports by GMA News, ABS-CBN News and Inquirer.net. Spotted an error? Tell us.
Follow the story: Martin Romualdez
All updates →yesterday
Sandiganbayan suspends former speaker Martin Romualdez for 90 days over pending plunder case3h ago
AMLC says P4.509 billion in Romualdez-linked transactions – but no trace to DPWH (you are here)
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