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Napoles's business interests date back to the early 1990s. In 1993, she solicited for investments in a shipyard in Cebu, promising 5% interest on all investments.It was later discovered that the money was not invested in the shipyard: according to Col. Ariel Querubin, who was a friend of the Napoles family, the money they had invested in the shipyard was reportedly invested elsewhere, with ...
When Operation Big Bird concluded in late 1986, the Philippine government was able to identify and recover US$356 million from the Swiss Bank deposits of Ferdinand Marcos and wife Imelda Marcos. [1] While the money sat in a Philippine government account in Switzerland, successive administration debated what to do with the funds.
The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund granted to each member of Congress for spending on priority development ...
Philippine police at the gate of Kingdom of Jesus Christ Compound. At 4:00 a.m. of August 24, [27] a composite police team, led by regional police chief Torre [13] and composed of 2,000 personnel from Regions XI, XII and XIII, [27] initiated another search in the KOJC compound in an attempt to arrest Quiboloy and four others.
The Philippines, with 117 million people, is Southeast Asia's second-most populated nation, and has been one of Washington's key allies as the US seeks to compete against China's growing influence ...
The 2011 Armed Forces of the Philippines corruption scandal, also known as the " pabaon scandal", was a political scandal involving the alleged misuse of military funds by high-ranking members of the Armed Forces of the Philippines (AFP). The pabaon system referred to a practice of giving millions of pesos to chiefs of staff when they retire. [1]
Authorities from the Philippines have set a manhunt for Manuel K. Amalilio, the founder of the company who left the Philippines for Sabah, Malaysia. [2] The "double-your-money" was a phrase being pitched to join the network. NBI has said that there is about 8,000 complaints filed against the company and over 100,000 Filipino families were ...