P841-M Floodgate cash recovered — DoJ

More than P841 million in cash from individuals implicated in the highly controversial flood-control scandal was remitted to the National Treasury, the Department of Justice said.

The DoJ said the amount represents part of an estimated P1.5 billion in alleged kickbacks linked to the controversy.

In a statement issued following President Ferdinand Marcos Jr.’s State of the Nation Address, the DoJ said the recovered cash was turned over to the National Treasury through the Land Bank of the Philippines.

“To date, P841 million in cash has been recovered from those involved and remitted to the National Treasury through the Landbank of the Philippines,” the DoJ said.

Reparation continues

It said the recovery effort would continue as authorities pursue the return of public funds allegedly diverted through the flood control projects.

“The work continues. We will recover the people’s money,” the DoJ vowed.

The DoJ said it would coordinate closely with the Office of the Ombudsman in pursuing cases arising from the investigation, while respecting the anti-graft body’s constitutional mandate.

The DoJ said, “Where the law places a case in our hands, we will build it to the standards that stand in court.”