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Manila Bulletin devider Philippines devider National devider Marcos tells DOTr, CAAP: Work with Malaysia, Singapore to locate Co-linked aircraft

Marcos tells DOTr, CAAP: Work with Malaysia, Singapore to locate Co-linked aircraft

Published Nov 28, 2025 03:36 pm
President Ferdinand 'Bongbong' Marcos Jr. and resigned congressman Zaldy Co (Facebook screenshots)
President Ferdinand 'Bongbong' Marcos Jr. and resigned congressman Zaldy Co (Facebook screenshots)
President Marcos has ordered transport and aviation authorities to coordinate with counterparts in Malaysia and Singapore to track down helicopters and aircraft allegedly linked to former congressman Zaldy Co, saying the government will not allow stolen public assets to be used to evade the law.
In a video message on Friday, Nov. 28, the President said the aviation assets, reportedly registered under Misibis Aviation and Development Corporation, appear to be “hidden” in the two countries.
He added that the Anti-Money Laundering Council (AMLC) has already issued a freeze order on the aircraft, restricting any movement or disposition.
“Ang mga pag-aari na helicopter at saka eroplano ay mukhang doon tinatago ni Zaldy Co (The helicopters and planes appear to be hidden there by Zaldy Co),” Marcos said.
“Ngunit nagkaroon na ng freeze order ang AMLC… kaya lahat ng galaw at disposisyon ng mga aircraft na ito ay ipinagbabawal (But the AMLC has already issued a freeze order… so any movement or disposition of these aircraft is prohibited),” he added.
Marcos reminded fugitives that state resources cannot be used as escape tools.
“You cannot steal from the Filipino people and expect to hide or fly away on your private jets,” he said.
“You may have the money to run, but you cannot outrun the Republic of the Philippines,” he added.
President Marcos renewed his call on Co and other “fugitives” to return home and face the charges against them.
“Kaya kayong mga pugante, umuwi na kayo (To all fugitives, come home)!” he said.
“Hindi na kayo turista. Hinahabol na kayo ng batas (You’re no longer tourists. The law is after you),” he added.

P110 million returned to gov’t

Meanwhile, Marcos confirmed that the Department of Justice (DOJ) has received P110 million from Henry Alcantara, one of the individuals implicated in the cases tied to the alleged scam.
He said Alcantara, a dismissed Department of Public Works and Highways (DPWH) Bulacan district engineer, committed to returning an additional P200 million within two weeks.
“This government intends to bring back every peso, every asset, every person responsible and return it to the Filipino people,” he said.
Government agencies have been conducting coordinated investigations into alleged irregularities in multimillion-peso flood control projects, which the Palace previously described as part of an expanding network of corrupt transactions.
Several individuals—including Co—have been tagged in connection with the scheme, prompting attempts to recover funds and enforce accountability.
Earlier, Marcos accused Co of attempting to blackmail him and warned that fugitives could not escape responsibility, especially if they continued operating from abroad.

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President Marcos Bongbong Marcos Zaldy Co aircraft freeze
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