Hontiveros questions ‘ridiculously low’ penalty for violators of Maharlika Investment Fund policy
MANILA, Philippines — Senator Risa Hontiveros lamented on Wednesday the “ridiculously” low penalties for violators of the Maharlika Investment Fund policies to ensure accountability of public officials who will handle the funds. During the Senate committee on banks, financial institutions, and currencies hearing, Hontiveros noted that the penalties are low for a fund worth billions […]
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