Marcos’ Cousin Romualdez Pleads Not Guilty In US$118 Million Flood Case

Former Philippine House Speaker Martin Romualdez pleaded not guilty to a plunder charge over an alleged misuse of 7.4 billion pesos (US$118 million) in public funds meant for flood control projects.

Romualdez, a cousin of President Ferdinand Marcos Jr., entered his plea before the Sandiganbayan anti-graft court today through a video conference from Quezon City Jail.

He appeared in a wheelchair wearing a yellow detainee shirt and blue jacket, days after being transferred to the jail from a hospital.

Romualdez is among several high-profile figures arrested in connection with a multi-billion peso corruption scandal involving flood control projects across the typhoon-prone Philippines.

He has previously denied wrongdoing.

The funds at the centre of the case were intended for projects to mitigate flooding, but authorities accuse Romualdez of playing a role in their alleged misuse.

The scandal was exposed by Marcos in a national address last year and has since disrupted government spending.

The controversy has also been linked to a sharp slowdown in the Philippine economy, with growth falling to its weakest pace since 2009 outside the pandemic period.

Bloomberg

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