graft

The peso has weakened in recent months due to the graft controversy surrounding how public funds meant for flood-control infrastructure allegedly went toward substandard or nonexistent projects.

Eradicating graft is one of the top requirements for Ukraine's application for EU membership.

A special graft court dismissed the plunder, or massive corruption, charges against Enrile last year, and last month acquitted him of the remaining graft cases against him as well.

Ukraine has long been plagued by corruption and cracking down on graft is seen as a key requirement of its bid to join the European Union.

Since the collapse of the Soviet Union, Ukraine has been plagued by corruption scandals -- with graft and rule-of-law major vulnerabilities in Kyiv's EU bid.