Philippine Losses From Flood Graft May Hit Trillions of Pesos
A man wades through a flooded street after heavy rains in Manila in July.
Photographer: Ted Aljibe/AFP/Getty ImagesThe Philippines’ probe into the misuse of public funds for flood control projects could uncover trillions of pesos in losses, according to Public Works Secretary Vince Dizon, highlighting the extent of corruption that has fanned public outrage in the disaster-prone nation.
A commission created by President Ferdinand Marcos Jr. has been mandated to cover the last 10 years as it investigates how much was allegedly stolen from government funds for flood projects, Dizon told a Senate hearing on Thursday, adding that the amount would be sizable.