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Philippines freezes $265m worth of assets in graft probe
The Straits Times
|November 27, 2025
The Philippines has frozen more assets allegedly linked to graft-ridden flood control projects, raising the total to around 12 billion pesos (S$265 million), President Ferdinand Marcos Jr said on Nov 26.
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The amount includes four billion pesos worth of aircraft of resigned lawmaker Zaldy Co, Mr Marcos said in a video posted on his Facebook account.
The Civil Aviation Authority of the Philippines had identified 13 aircraft including choppers and planes belonging to companies with ties to Co, local media reported earlier.
The President last week ordered the arrest of Co and other individuals allegedly involved in the corruption scandal that has gripped the Southeast Asian nation.
This story is from the November 27, 2025 edition of The Straits Times.
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