MMDA earns seventh consecutive unmodified COA opinion for 2025 financial statements
A Rappler investigative report looks into a luxury property in Connecticut, United States, valued at around P425 million, which has surfaced in connection with individuals linked to former House Speaker Martin Romualdez.
The report focuses on a property transaction involving Andrew Casiño, identified as Romualdez’s business associate and fraternity brother, who has also been previously mentioned in other US real estate deals tied to the same network of individuals.
According to the investigation, the Connecticut property is part of a broader pattern of high-value real estate transactions involving associates connected to Romualdez.
Rappler highlights that similar names and relationships have appeared in earlier cases, including other properties in the United States, Spain, and Malaysia, suggesting a recurring set of actors and methods behind these acquisitions.The report does not directly state ownership by Romualdez but raises questions about the connections and financial flows surrounding his associates.The article is part of a continuing investigative series that examines multiple properties allegedly linked to individuals within Romualdez’s circle.
These include a multi-million-euro property in Spain, a US property transferred for a nominal amount, and high-value properties in Metro Manila such as those in Forbes Park.The investigation also references testimonies and documents related to renovations and acquisitions involving related figures.
Rappler frames the Connecticut property as another piece of evidence being examined in its broader scrutiny of wealth accumulation and property holdings linked to politically connected individuals.The report encourages further tips and documentation from the public to support ongoing investigations.It emphasizes the importance of transparency in tracing financial dealings involving public figures and their associates.