Probe links Philippines flood corruption to Pogo crypto schemes
Cybercrime officials have uncovered a ‘definite link’ between the massive graft scandal and laundering rings run by banned gaming operators
A preliminary government investigation found that about 545 billion pesos (US$9 billion) had been spent on nearly 10,000 flood control projects since 2022, many of which were later discovered to be substandard or never built.
Lawmakers, public works officials and contractors are alleged to have colluded to siphon off large portions of those funds.
Philippine anti-corruption protests turn violent
“There’s a definite link because these are the same exchanges or the same personalities that are converting USDT or cryptocurrency accounts for the people that we are suspecting are involved in Pogo operations, as well as these personalities involved in this flood control scandal,” Paraiso said.