The Daily Tribune
Marcos orders recovery of stolen funds
President Ferdinand R. Marcos Jr. has ordered the recovery of public funds allegedly stolen through fraudulent flood control projects at the DPWH.
Malacañang Press Officer Undersecretary Atty. Claire Castro stated that the President wants the "pera ng taumbayan" back, emphasizing recovery over just legal accountability.
Various government agencies have started freezing bank accounts and properties of individuals linked to the irregular DPWH projects.
The DPWH, with assistance from the AMLC, has sought to freeze approximately P5 billion in air assets reportedly registered under companies linked to Ako Bicol Partylist Representative Zaldy Co.
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President Ferdinand Marcos Jr. announced the reallocation of P36 billion from the Department of Public Works and Highways' 2026 flood control budget to the Department of Social Welfare and Development (DSWD).
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Malacañang asserted that President Ferdinand "Bongbong" Marcos Jr. is blameless regarding anomalies in flood control projects.
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