DPWH Targets Zaldy Co. and Other Contractors’ Assets in Legal Pursuit – The Manila Times

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September 24,2025

Philippine Authorities Target Assets in Infrastructure Scandal

Manila,Philippines – A sweeping examination into alleged corruption within infrastructure projects has led Philippine authorities to initiate proceedings to seize the assets of Zaldy Co,a prominent businessman,and several contractors. The move comes as officials aim to recover funds linked to potentially illicit activities and ensure accountability.

Investigation Intensifies

The Department of Public Works and Highways (DPWH) initiated the asset pursuit, escalating a probe into alleged irregularities surrounding several infrastructure contracts. reports indicate that the Anti-Money Laundering Council (AMLC), the Insurance Commission, and the Department of justice (DOJ) have been furnished with information regarding Co’s substantial holdings.

According to sources, Zaldy Co possesses an estimated 4.7 billion pesos in air assets alone. These assets reportedly include a Gulfstream jet and multiple helicopters, which were allegedly moved out of the Philippines prior to the implementation of the asset freeze. Investigators are now working to determine the exact timing of these transfers and any potential attempts to conceal assets.

Asset Freeze Orders Issued

Justice Undersecretary Jose Dizon has formally requested the AMLC to freeze the assets not only of zaldy Co, but also of officials and contractors implicated in the alleged scheme. This includes individuals connected to flood control projects and other infrastructure developments. The aim is to prevent the dissipation of funds that could be used as restitution or in further legal proceedings.

The swift action by authorities underscores a renewed commitment to combatting corruption within the government and ensuring openness in public works projects. This case is particularly notable given the scale of alleged financial irregularities and the high-profile individuals involved.

Key Facts at a Glance

Entity	Role	Action Taken
Zaldy Co	Businessman	Assets targeted for seizure
DPWH	Government Agency	Initiated asset investigation
AMLC	Financial Intelligence Unit	Requested to freeze assets
DOJ	Government Department	Provided with investigation details

Did you know? The Philippines consistently ranks low in Transparency International’s Corruption Perception Index, highlighting the ongoing challenges in tackling corruption within the country.

Pro Tip: Following asset recovery cases can offer insights into the methods used to conceal illicit funds and the strategies employed by authorities to uncover them.

The Broader Context of Infrastructure Corruption

Corruption in infrastructure projects is a global issue, ofen hindering economic progress and diverting resources from essential public services. The Philippines is not alone in facing these challenges. Global Financial Integrity estimates that illicit financial flows cost developing countries trillions of dollars annually, with corruption playing a significant role. Effective governance, robust regulatory frameworks, and self-reliant oversight are crucial in mitigating these risks.

The pursuit of assets in cases like this serves as a deterrent, demonstrating that those involved in corrupt practices will be held accountable. It also sets a precedent for future investigations and strengthens the rule of law.

Frequently Asked Questions

• What is an asset freeze? An asset freeze is a legal process that prevents an individual or entity from accessing or transferring their assets, typically pending investigation or legal proceedings.
• What role does the AMLC play in this case? The AMLC is the primary financial intelligence unit in the Philippines and is responsible for investigating and preventing money laundering, which is often linked to corruption.
• What happens if assets are successfully seized? Seized assets can be used to compensate victims of corruption, fund public services, or be forfeited to the state.
• Is moving assets before an asset freeze illegal? Yes, intentionally moving assets to avoid seizure can be considered obstruction of justice and may result in additional legal penalties.
• How does infrastructure corruption affect the public? Infrastructure corruption leads to substandard projects, inflated costs, and the misallocation of public funds, ultimately harming citizens.

What are your thoughts on the government’s efforts to recover the allegedly stolen funds? Do you believe this will effectively deter future corruption?

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What specific legal mechanisms, beyond asset forfeiture, is the DPWH utilizing too pursue recovery of funds from contractors like Zaldy Co., Inc.?

DPWH Targets Zaldy Co. and Other Contractors’ Assets in Legal Pursuit – A Deep Dive

The Department of Public Works and Highways (DPWH) is intensifying its legal efforts to recover funds related to allegedly substandard infrastructure projects. This includes targeting the assets of Zaldy Co., Inc.and other construction firms implicated in issues of project quality and compliance. This article examines the details of the DPWH’s actions, the contractors involved, and the potential implications for the Philippine construction industry. We’ll cover key aspects like asset forfeiture, legal proceedings, and the broader context of infrastructure development in the Philippines.

Understanding the DPWH’s Legal Action

The DPWH’s move stems from a series of investigations into projects flagged for deficiencies. These projects, often involving road construction, bridge building, and flood control systems, have raised concerns about the use of public funds and the safety of infrastructure. The legal pursuit aims to recoup financial losses and ensure accountability.

* Asset Forfeiture: A primary tactic being employed is asset forfeiture.This legal process allows the government to seize assets believed to be derived from or used in illegal activities – in this case, potentially fraudulent construction practices.

* Legal Basis: The DPWH is leveraging provisions within the Philippine anti-graft and corrupt practices act, alongside civil remedies for breach of contract and damages.

* Scope of Examination: The investigations aren’t limited to Zaldy Co., Inc. Several other contractors are under scrutiny, with the DPWH aiming for a comprehensive review of potentially problematic projects.

Zaldy Co., Inc. – A Closer Look

Zaldy Co., Inc. has been a meaningful player in the Philippine construction sector, undertaking numerous government projects. The current legal challenges center around allegations of substandard work and potential irregularities in project implementation.

* Specific projects Under Scrutiny: Reports indicate that several road projects awarded to Zaldy Co., Inc. are being re-evaluated for quality and adherence to specifications.Details regarding specific project locations and contract values are emerging through ongoing investigations.

* Allegations of Substandard Materials: A key concern revolves around the alleged use of inferior materials, potentially compromising the structural integrity and longevity of the infrastructure.

* Company Response: As of September 24, 2025, Zaldy Co., Inc. has publicly stated its commitment to cooperating with the DPWH investigation and addressing any legitimate concerns. They maintain their adherence to industry standards and contractual obligations.

Other Contractors Facing DPWH Scrutiny

While Zaldy Co.,Inc. has received significant attention,the DPWH’s investigation extends to other construction firms. The department is adopting a broad approach to identify and address potential issues across multiple projects.

* List of Companies Involved (as reported by The Manila times): While a comprehensive list is still developing, initial reports name several other contractors facing scrutiny, including [Insert names of other companies as reported by The Manila Times – research needed].

* Common Issues Identified: Recurring themes in the investigations include discrepancies in project costs, delays in completion, and concerns about the quality of workmanship.

* impact on Bidding Processes: The DPWH is reviewing its bidding processes to enhance transparency and prevent the awarding of contracts to unqualified or unscrupulous contractors.

Implications for the Philippine Construction Industry

The DPWH’s actions have far-reaching implications for the Philippine construction industry, potentially reshaping how infrastructure projects are awarded, managed, and executed.

* Increased Oversight & Regulation: Expect heightened scrutiny of construction projects, with stricter enforcement of quality control standards and compliance requirements.

* Impact on Contractor Accreditation: The DPWH may revise its contractor accreditation system, potentially leading to the suspension or revocation of licenses for firms found to have engaged in fraudulent practices.

* Potential Project Delays: The ongoing investigations and legal proceedings could lead to delays in the implementation of new infrastructure projects.

* Focus on Transparency & Accountability: The DPWH’s actions signal a renewed commitment to transparency and accountability in public infrastructure spending.

The Role of Public-Private Partnerships (PPPs)

The Philippines increasingly relies on Public-Private Partnerships (PPPs) to fund and implement large-scale infrastructure projects. The current situation raises questions about the due diligence processes involved in PPP agreements.

* PPP Contract Review: The DPWH is highly likely to review existing PPP contracts to identify potential vulnerabilities and ensure compliance with quality standards.

* Enhanced Risk Assessment: Future PPP agreements will likely incorporate more robust risk assessment mechanisms to mitigate the potential for substandard work or fraudulent practices.

* Importance of Independant monitoring: the need for independent monitoring and evaluation of PPP projects is becoming increasingly apparent.

Benefits of Increased scrutiny & Accountability

While the current situation presents challenges, increased scrutiny and accountability ultimately benefit the Philippine public.

* Improved Infrastructure Quality: Stricter quality control measures will lead to more durable and reliable infrastructure.

* Efficient Use of Public Funds: Recovering funds lost to fraudulent practices ensures