Eleven aircraft valued at ₱4.7 billion are registered under companies linked to Ako Bicol Rep. Zaldy Co, who has been abroad amid a flood control corruption scandal.
Public Works Secretary Vince Dizon said Co appears to be the only suspect with such air assets, which are now under investigation by the Anti-Money Laundering Council, the Independent Commission for Infrastructure, and the Department of Justice.
The National Bureau of Investigation has requested a freeze order on Co’s assets, which are registered to his companies.
Meanwhile, the Land Transportation Office reported that the 26 individuals involved in the scandal own vehicles worth ₱474.4 million, with some suspects surrendering luxury cars as part of the probe.
The government continues to gather and freeze assets of those linked to the alleged flood control project irregularities.
Source: PhilNews24 | September 26, 2025
ZALDY CO REPORTED TO OWN ₱4.7 BILLION IN AIR ASSETS
Latest from Politics
Newly appointed Department of Public Works and Highways (DPWH) Secretary Giovanni Lopez has reshuffled key officials,
President Ferdinand Marcos Jr. has ordered the Department of Justice to prevent delays in releasing qualified
Malabon and Caloocan received multiple awards for their healthcare programs during the Local Health System Recognition:
The Office of the Ombudsman has ordered Cebu City Mayor Nestor Dionson Archival Sr. to pay
Sen. Kiko Pangilinan has urged government agencies and local government units to prepare and preposition relief