Plunder raps filed vs Recto over diverted state funds

MANILA, Philippines — A plunder and malversation complaint was filed on Monday in the Office of the Ombudsman against Executive Secretary Ralph Recto for ordering the diversion of reserve funds of state-run companies  to  the national treasury. When he was the Department of Finance (DOF) chief, Recto ordered the diversion of unused funds of the Philippine Health Insurance (PhilHealth) amounting to P60 billion, and the Philippine Deposit Insurance Corporation (PDIC) worth P107 billion, to the state’s coffers, in line with the special provision of the 2024 budget. Dr. Tony Leachon, former special adviser of defunct COVID-19 taskforce, went to the […]...

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