MANILA, Philippines — Ramil Madriaga, who previously claimed he acted as a financial proxy for former President Rodrigo Duterte, has formally waived his rights under the country’s bank secrecy laws, allowing investigators to examine his financial records.
Madriaga submitted the waiver during a House of Representatives committee hearing on Tuesday, just before he was excused from further participation in the ongoing impeachment-related proceedings involving Vice President Sara Duterte.
Committee chairperson Batangas Rep. Gerville Luistro confirmed receipt of the document and ordered it to be included in the official records, noting that it authorizes authorities to access the bank accounts referenced in Madriaga’s supplemental affidavit.
Madriaga said he had already executed the waiver and fully understood its implications, acknowledging that it removes the legal protection ordinarily granted to bank depositors under Philippine law.
During the hearing, he reiterated that he was aware his financial records could now be reviewed without restriction, affirming his consent before the panel.
His waiver came shortly after he disclosed in sworn statements that he had handled large sums of money through accounts allegedly opened under his name during the Duterte administration. He claimed these accounts were used for transactions tied to so-called intelligence operations and other undisclosed purposes.
Madriaga also said he never personally opened the accounts himself, alleging that individuals connected to the former president facilitated their creation and later instructed him to sign blank checks.
He identified several banks where accounts were allegedly maintained under his name, including branches of Chinabank and PNB in Makati, as well as other unidentified institutions in Pasig and Pampanga.
In earlier testimony, Madriaga described his involvement in political and intelligence-related activities during the previous administration, including alleged assignments connected to Duterte’s political allies.
His statements are being closely examined as part of ongoing congressional inquiries into the use of confidential and intelligence funds.
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