Thursday, October 29, 2026  ·  Manila
 Breaking News, Special Reports and In-Depth Stories in the Philippines
TSR
Nation

Lacson questions credibility of 18 ex-‘Marines’ over P805-B cash scheme claims

Lacson questions credibility of 18 ex-‘Marines’ over P805-B cash scheme claims
Share

The situation, in brief

Senate President Pro Tempore Panfilo “Ping” Lacson questioned the credibility of 18 former military men allegedly linked to a P805-billion cash delivery scheme, saying their claims must withstand “logic” and “basic mathematics” before the Senate Blue Ribbon Committee considers holding a hearing.…

Senate President Pro Tempore Panfilo “Ping” Lacson questioned the credibility of 18 former military men allegedly linked to a P805-billion cash delivery scheme, saying their claims must withstand “logic” and “basic mathematics” before the Senate Blue Ribbon Committee considers holding a hearing.

In a privilege speech on Monday, March 2, Lacson said that while he was not belittling the testimonies, he was seeking to ensure that the information being circulated adheres to rational standards of believability.

The senator stressed that while every allegation of wrongdoing deserves attention, it should not automatically be accepted without scrutiny.

“To be clear, while every imputation of a crime warrants our attention, none deserves our blind deference. In the same manner that everyone has a right to be heard, it is not a license to mislead. Hence, while I reserve judgment on the merits of the testimonies, I am duty-bound to raise questions of logic and – at the very least – basic mathematics,” he said.

Lacson added that questions about the allegations may again be politicized, but maintained that if they are being used as instruments of propaganda or for any motive, they should at least be logically and mathematically possible.

“Siguradong bibigyang-kulay na naman ng mga trolls ang mga tanong na ito. Pero isipin na lang natin: kung magagamit ang mga nasabing alegasyon bilang instrumento ng propaganda o anumang motibo, hindi ba dapat ay logical at mathematically possible man lamang ang mga akusasyon?” he said.

Lacson pointed to what he described as a “logistical nightmare” in supposedly moving 805 metric tons of paper bills, excluding another 53.6 metric tons of large empty suitcases needed to carry the amount. He also raised the time required to unload, count, repack, load and deliver the money to its alleged recipients.

Based on his estimates, completing such an operation would take five and a half years if it started in 2023, or until mid-2027 if it began in the second half of 2022 when then-Rep. Elizaldy Co assumed the chairmanship of the House appropriations committee.

Even at a rate of P500 million delivered per day, Lacson said it would require 1,610 deliveries to and from Co’s residence and around 4.4 years to finish.

He also questioned how much in alleged kickbacks would have been left for Co. “Zero? Was he just a messenger?” Lacson asked.

Citing figures from the Bangko Sentral ng Pilipinas, Lacson noted that P805 billion in paper bills would represent a significant portion of the P2.7 trillion total physical cash in the Philippines in 2024.

“That would mean that P400 billion or half of the P805 billion out of the P2.7 trillion pesos of physical cash of 114 million Filipinos passed through a single individual, equivalent to around 15% of the total physical cash, both in circulation and those kept in all the bank vaults,” he said.

“I raise these questions to ensure that the testimonies withstand established facts and logic before we even invite them to testify before the Senate Blue Ribbon Committee. Pray tell Mr. President, if their statements appear to be demonstrably false and physically impossible to accomplish, wouldn’t convening a hearing effectively validate and dignify disinformation?” he added.

More on Nation

See all
Marcos’ net satisfaction ratings drops to ‘poor’ in latest SWS survey
Nation

Marcos’ net satisfaction ratings drops to ‘poor’ in latest SWS survey

President Ferdinand Marcos Jr.’s net satisfaction rating fell to “poor” from “neutral” in the third-quarter survey of the Social Weather Stations (SWS). Marcos’ net satisfaction rating dropped to -11 in September 2026 from -7 in June, according to the survey. The SWS said 35% of adult Filipinos…

Magellan may have reached the Philippines because of El Niño — without knowing it: study
Nation

Magellan may have reached the Philippines because of El Niño — without knowing it: study

Portuguese explorer Ferdinand Magellan may have reached the Philippines in 1521 because of El Niño, without him or his fellow voyagers knowing it. A 2021 study by Dr. Scott Fitzpatrick of North Carolina State University and Dr. Richard Callaghan of the University of Calgary examined Magellan’s…

More than one teaspoon of salt increases risk of heart diseases, stroke — WHO
Nation

More than one teaspoon of salt increases risk of heart diseases, stroke — WHO

Cardiovascular diseases remain the world’s leading cause of death—not only in the Philippines—the World Health Organization (WHO) said. According to the WHO, cardiovascular diseases claim an estimated 17.9 million lives each year, with excessive salt intake identified as one of the key…

‘Very strong’ El Niño may emerge by October, PAGASA warns: ‘This should be taken seriously’
Nation

‘Very strong’ El Niño may emerge by October, PAGASA warns: ‘This should be taken seriously’

Reduced rainfall may be experienced in the coming months as the El Niño phenomenon continues to rapidly strengthen and may persist until the first half of 2027, according to the PAGASA. Ana Solis, chief of PAGASA’s Climate Impact Assessment and Prediction Section, said warming ocean temperatures…

Free newsletter

The Morning SitRep

The day’s most important stories in the Philippines and the world, in one five-minute read. Delivered at 6 AM, Monday to Saturday.

Breaking alerts Special reports first No spam
Check your inbox — we’ve sent a link to confirm your subscription.Something went wrong. Please try again in a moment. By subscribing you agree to TSR’s privacy policy.