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Zaldy Co was building 5-storey basement in Forbes Park to store cash — DILG
Interior and Local Government Secretary Jonvic Remulla alleged that former lawmaker Zaldy Co was constructing a five-story basement in his Forbes Park residence, possibly intended for storing money.
Remulla explained that the basement's lowest point would protect money from potential fires, as fire travels upwards.
The construction was reportedly stopped after a corruption scandal erupted regarding flood control projects.
Arrest warrants have been issued against Co and others, including DPWH officials and Sunwest Corp. directors, over supposed anomalous flood control programs.
The Ombudsman filed corruption and malversation of public funds charges against Co and others on November 18, in connection with an alleged anomalous P289 million flood control project in Oriental Mindoro.
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