Harry Roque on Maharlika Wealth Fund: “Politika lang dahil kapag dilawan ang nagsampa okay lang”

Here’s the opinion of Harry Roque on the controversial Maharlika Wealth Fund

HARRY ROQUE -The former presidential spokesperson claimed that the controversial Maharlika Wealth Fund is just being politicized.

Harry Roque
Credit to the rightful owner of the photos

The bill establishing the P275 billion Maharlika Wealth Fund (MWF) is being expedited by Congress. The bill was written by several lawmakers, including Speaker Ferdinand Martin Romualdez, a causing of the president, Yedda Romualdez, a representative for the Tingog Party List, and Senior Deputy Majority Leader Sandro Marcos, the president’s son.

According to the proposed plan, the Maharlika fund would assemble P275 billion from banks and government pension funds for the purpose of funding pricey national development initiatives and other assets. It has come under fire from senators, representatives, and economists for having lax management controls and possibly putting pensioners at risk.

In an interview with Balitang Sapolitika of Politiko Live, Atty. Harry Roque, the former presidential spokesperson agreed with the statement of Rep. Sandro Marcos that the Maharlika Investment Fund is being politicized.

According to him, all the countries that have a sovereign fund are earning except for Malaysia. It was in 2016 when former Malaysian Prime Minister Najib Razak was charged with “pocketing” a portion of Malaysia’s wealth fund or the 1Malaysia Development Berhad (1MDB).

“Pagdating naman kay Bam Aquino… siya mismo ang nag-propose niyan… iyan ang patunay na talagang pinopolitika lang dahil kapag dilawan ang nagsampa okay lang pero kapag Marcos ang nagsampa hindi dapat. Malinaw na malinaw ‘yan sa naging posisyon ni Bam Aquino,” he said.

Aquino was among those who filed a similar bill in 2016. But he stressed that the situation of the country was different when he was promoting the said proposal.

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