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Zaldy Co’s statements being studied, verified — DOJ official
Former Ako Bicol Representative Zaldy Co has denied receiving funds from alleged insertions in the national budget for flood-control projects, claiming the money was given to President Ferdinand Marcos Jr. and former House Speaker Martin Romualdez.
Co presented photographic evidence of suitcases allegedly filled with cash, which he stated were delivered to Romualdez's residences and Malacañang for the President.
He further claimed that Marcos Jr. received 25% of the P100 billion in fund insertions as kickbacks, and that Marcos Jr. and Romualdez received up to P56 billion in kickbacks from flood control projects.
These statements were made in response to allegations implicating him in a kickback scheme involving infrastructure contracts, with Co referencing a former staff member who testified against him.
The Department of Justice (DOJ) is studying and verifying Co's statements, as they were not made under oath.
Co, who is also being investigated for alleged links to the anomalies, has yet to return to the Philippines, citing fears for his safety.
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Former Ako Bicol party-list Representative Zaldy Co urged Ombudsman Jesus Crispin Remulla to investigate President Ferdinand "Bongbong" Marcos Jr. and former Speaker Martin Romualdez for alleged P100 billion budget insertions for the 2025 national budget.
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Ako Bicol Rep. Zaldy Co claims former House Speaker Martin Romualdez threatened to kill him over alleged P100 billion budget insertions.
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Former Ako Bicol Representative Zaldy Co accused President Ferdinand Marcos Jr. and former House Speaker Martin Romualdez of receiving P56 billion in kickbacks from anomalous flood control projects.
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Former Ako Bicol party-list representative Zaldy Co challenged Ombudsman Jesus Crispin Remulla to investigate President Ferdinand Marcos Jr. and former Speaker Martin Romualdez regarding an alleged P100 billion insertion in the 2025 national budget.
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House leaders affirmed that President Ferdinand "Bongbong" Marcos Jr. retains the majority bloc's support despite allegations made by former Rep. Zaldy Co.
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