MORE BANK ACCOUNTS, ASSETS, AIRCRAFT LINKED TO FLOOD CONTROL ANOMALIES FROZEN – PBBM

PRESIDENT Ferdinand R. Marcos Jr. on Tuesday announced that the Court of Appeals has issued another freeze order on hundreds of bank accounts, assets, and aircraft linked to anomalous government flood control projects.

President Marcos said the CA freeze order covers properties associated with Silver Wolves Construction Corporation and Sky Yard Aviation Corporation, as well as individuals such as Benguet Rep. Eric Yap and ACT-CIS Party-list Edvic Yap.

“Mga kababayan ko, naglabas na ang Court of Appeals ng freeze order laban sa mga bank account, ari-arian at sasakyang panghimpapawid na may kaugnayan sa mga anomalyang flood control project na iniimbestigahan ngayon ng gobyerno,” the President said in a video message.

“Sakop ng freeze order ang mga account at ari-arian ng Silverwolves Construction Corporation at Sky Yard Aviation Corporation, pati na rin ang mga personal account at asset ng mga indibidwal na nasangkot sa imbestigasyon. Kabilang ay si Congressman Eric Yap at Edvic Yap,” President Marcos added.

President Marcos said the freeze order covers not only corporate assets but also personal accounts of individuals linked to the alleged scheme, noting the scale of the transactions involved.

“Kabilang ay si Congressman Eric Yap at Edvic Yap. May mahigit 16 billion na ang pumasok sa mga transaksyon ng Silverwolves mula 2022 hanggang 2025 na karamihan ay may kaugnayan sa mga flood control project ng DPWH,” the President said.

The President underscored the extent of the seized assets, emphasizing the government’s efforts to safeguard public funds while investigations remain ongoing.

The Chief Executive noted the breadth of properties and financial instruments covered.

“Kabuuang 280 bank account ang na-freeze, 22 insurance policy, tatlong securities account at walong sasakyang panghimpapawid, kabilang ang mga eroplano at helicopter na konektado sa Sky Yard Aviation. Kailangan natin ng mga freeze order na ito para hindi maibenta ang mga ari-arian at para maibalik natin sa ating mga kababayan ang bawat pisong pinaghihinalaang ninakaw,” President Marcos added.

President Marcos also provided an update on the ongoing legal proceedings involving officials linked to anomalies in the flood control project, emphasizing that the government is moving to hold all responsible parties accountable.

“Mayroon ding walong taga-DPWH sa Davao Occidental na nagpadala na ng sulat na sila ay magsu-surrender sa NBI dahil sa hinaharap nilang mga kaso. Inaasahan na rin nating lalabas ang warrant of arrest na ni Sara Discaya itong linggong ito at hindi na rin magtatagal ang pag-aresto sa kanya,” the President added.

President Marcos underscored the administration’s commitment to ensuring accountability and recovering public funds, stressing that the investigation will continue until justice is served.

“Magpapatuloy ang imbestigasyon. Magpapatuloy ang pagpapanagot at titiyakin ng pamahalaan na ang pera ng bayan ay maibabalik sa taong-bayan,” the President emphasized.