<\/p>\n
THE Department of Public Works and Highways (DPWH) has asked the Anti-Money Laundering Council (AMLC) to freeze the billions of pesos worth of aircraft assets linked to Ako Bicol Party-list Rep. Elizaldy “Zaldy” Co.<\/strong><\/p>\n <\/p>\n <\/p>\n The move is part of the efforts to <\/strong>recover the alleged ill-gotten assets of personalities linked to the flood control anomalies.<\/strong><\/p>\n <\/p>\n <\/p>\n At a press conference on Wednesday, DPWH Secretary Vince Dizon said the Civil Aviation Authority of the Philippines (CAAP) submitted a list of air assets connected to Co and companies associated with his family.\u00a0<\/strong><\/p>\n <\/p>\n <\/p>\n Dizon said the list covers 11 airplanes and helicopters registered to Misibis Aviation and Development Corp., Hi-Tone Construction and Development Corp., and QM Builder, valued at $84.59 million or about P4.7 billion.<\/strong><\/p>\n <\/p>\n <\/p>\n Among the aircraft assets are a $36-million Gulfstream 350 business jet and two AgustaWestland AW139 helicopters each valued at $16 million, all under Misibis Aviation led by Co\u2019s son, Michael Ellis.\u00a0<\/strong><\/p>\n <\/p>\n <\/p>\n Hi-Tone Construction, linked to Co\u2019s brother Christopher, also has registered aircraft, including a $6.9-million Agusta A109E helicopter.<\/strong><\/p>\n <\/p>\n <\/p>\n The DPWH also requested a freeze on a $2-million Bell 505 aircraft registered under QM Builders, which is among the top 15 contractors flagged by President Ferdinand “Bongbong” Marcos Jr..<\/strong><\/p>\n <\/p>\n <\/p>\n Dizon said the DPWH is submitting the list of the air assets to the AMLC for possible freezing of assets.<\/strong><\/p>\n <\/p>\n <\/p>\n <\/strong>\u201cIto ay para bawiin ang mga perang nanakaw sa ating bayan. Umpisa pa lang po ito,\u201d Dizon stressed.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cHindi po kami titigal hangga\u2019t hindi nababawi ang pera nang bayan,\u201d he added.<\/strong><\/p>\n <\/p>\n <\/p>\n Co, the former chairman of the House Committee on Appropriations, is being implicated in the flood control budget controversies.<\/strong><\/p>\n <\/p>\n <\/p>\n His family-owned companies and their affiliates have surfaced in investigations linking contractors and public officials in the implementation of overpriced, substandard, and ghost flood control projects.<\/strong><\/p>\n <\/p>\n <\/p>\n Co is now in the United States on a medical leave.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" THE Department of Public Works and Highways (DPWH) has asked the Anti-Money Laundering Council (AMLC) to freeze the billions of pesos worth of aircraft assets<\/p>\n","protected":false},"author":2,"featured_media":16620,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/16619"}],"collection":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=16619"}],"version-history":[{"count":1,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/16619\/revisions"}],"predecessor-version":[{"id":16621,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/16619\/revisions\/16621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/16620"}],"wp:attachment":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=16619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=16619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=16619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}