Marcos: Assets of Yap brothers, firms frozen

Freeze orders have been issued against several firms and persons tied to the multibillion-peso flood control mess, including contractors and lawmakers, President Marcos said.

- By ALEXIS ROMERO

He said the freeze orders cover the accounts and properties of Silverwolves Construction Corp. and Sky Yard Aviation Corp. as well as the personal accounts of persons being investigated, including Benguet Rep. Eric Yap and ACT-CIS party-list Rep. Edvic Yap.

"The Court of Appeals has issued a freeze order on the bank accounts, properties and air assets linked to the anomalous flood control projects being investigated by the government,” the President said in a video statement released yesterday.

“The investigation will continue. The efforts to promote accountability will continue and the government will make sure that the money of the nation will go back to the people,” he added.

According to Marcos, more than P16 billion worth of transactions of Silverwolves were recorded from 2022 to 2025, most of them related to flood control projects of the Department of Public Works and Highways (DPWH).