NBI’s SEAG investigation nears completion


The third leg of the Philippine Amusement and Gaming Corporation’s P1K-for-P2M Nationwide Linked Bingo Games on 13…

Local organizers will implement optimum measures for the safety, security and well-being of swimmers in the 4th…

Police arrested a 33-year-old caregiver for allegedly stealing nearly P594,000 in cash and jewelry from a 77-year-old…

Senator Ping Lacson on Thursday derided the so-called “leadership fund” allegedly distributed among senators as…

Malacañang on Thursday denied that President Ferdinand Marcos Jr. knew about the alleged “leadership fund” exposed by…
The National Bureau of Investigation (NBI) expects to complete its investigation into the alleged irregularities surrounding the country’s hosting of the 2019 Southeast Asian (SEA) Games and the Phisgoc soon, NBI director Melvin Matibag said Monday.
Matibag said investigators are processing a large volume of documentary evidence but remain on track to release their findings.
“The investigation is ongoing because many documents continue to come in. We are processing them, and we expect to come out with our findings soon,” he said.
Earlier, the NBI said it aimed to complete the probe within three to four weeks due to the voluminous records under review.
The investigation centers on the alleged transfer of at least P6.7 billion in government funds from the Department of Budget and Management, Philippine Sports Commission and Philippine Olympic Committee to Phisgoc, the private organization that oversaw the country’s hosting of the 2019 SEA Games.
The case is being handled by the NBI’s Task Force Cash Cow, a special team created by Matibag to examine the movement and use of funds received by Phisgoc.
The bureau is also coordinating with the Commission on Audit, Securities and Exchange Commission and Bureau of Internal Revenue to verify financial transactions, corporate records and tax documents.
At least seven individuals have already been subpoenaed as part of the investigation.
The NBI has said the amount under scrutiny could exceed P10 billion once private-sector contributions and other financial transactions are fully validated.