The Office of the Ombudsman announced on Monday that it will file complaints for preliminary investigation against former Speaker Ferdinand Martin G. Romualdez, former congressman Elizaldy S. Co, and several others over the alleged diversion of flood control funds.
The charges involve violations of the Anti-Plunder Act and the Anti-Money Laundering Act.
Assistant Ombudsman Jose Dominic “Mico” F. Clavano IV emphasized that a complaint for preliminary investigation is not a conviction. He stated that every respondent will be given the opportunity to answer and that the presumption of innocence remains in effect.
The Ombudsman identified Mr. Romualdez as the central figure in the scheme. The finding is based on sworn statements from former security personnel, financial records, money service business transactions, and corporate documents reviewed during the investigation.
Clavano said authorities received information that Mr. Romualdez attempted to leave the country despite a precautionary hold departure order. He noted the investigation remains active and additional cases may be filed as new evidence and witnesses surface.
A spokesperson for Mr. Romualdez said he has not yet been served a copy of the complaint. The spokesperson said they will respond fully once the document is received.
The spokesperson added that Mr. Romualdez respects the legal process and believes the matter should be resolved in the proper forum after both sides are heard.
