THE money-laundering scandal that saw $81 million in stolen funds disappear after passing through accounts at RCBC bank has gripped the local media for the past several days. In addition to daily news reporters, nearly all of our columnists here at The Manila Times (and in most of the other newspapers in town) have expounded at length on the topic, and we would assume, knowing columnists, probably have a great deal more to say about it.
Despite the volume of written news and opinion the scandal has produced so far, we have the impression that no one – especially not our public officials, but also including us in the media and the public at large – has a proper understanding of just how damaging the affair is to the Philippines.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)