ZALDY CO: MARCOS ORDERED P100B INSERTION; SUITCASE CASH DELIVERED TO MALACAÑANG

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ZALDY CO: MARCOS ORDERED P100B INSERTION; SUITCASE CASH DELIVERED TO MALACAÑANG

Ex-Congressman Zaldy Co confirms cash deliveries to Malacañang and claims top officials ordered ₱100B budget insertion; Palace dismisses accusations as "pure hearsay"

by Andrea Lazaro, The Five Tales



The current event is a major corruption scandal involving the national budget. The core issue is the alleged insertion of ₱100 billion for flood control projects. Former Congressman Zaldy Co made the specific claim that President Ferdinand R. Marcos Jr. and House Speaker Martin Romualdez ordered this insertion during the Bicameral Conference Committee (BiCam) Mr. Co, who is speaking from outside the country, has stated he fears for his life, saying, "I hope they don't kill me before I release everything."


Mr. Co's claims are highly specific, centering on both the financial figures and the physical movement of funds. He alleged that after the President and the Speaker ordered the ₱100 billion insertion into the flood control budget during the BiCam, a staggering ₱25 billion equaling 25% of the inserted amount was given as a required payoff and was directed to President Marcos. As further evidence, Co confirmed that he and his security team personally made deliveries of suitcases to the leaders' official and private homes, naming Malacañang, North Forbes Park, and South Forbes Park as the locations of these transfers. Additionally, Co claimed that Budget Secretary Pangandaman had indicated that the necessary funding was "cleared with the president". 

In contrast, Malacañang has issued a firm denial, stating that Co's entire story consists of "purely inventions" (pawang mga imbento lamang) that have "no basis, no evidence". The Palace argued that the President could not have played a role in the BiCam stage because that part of the process is strictly legislative, and they counter-accused Co of fabricating the story to divert attention from his own existing corruption charges. They demanded that Co return to the Philippines to swear his claims under oath, pointing out that the President himself had initiated the investigation into the flood control projects.


The conflicting testimonies present a serious challenge to the government's integrity, demanding that the facts be verified independently. Mr. Co has already taken the decisive step of challenging the country's accountability institutions, calling upon the Ombudsman and the Senate to launch comprehensive investigations into the alleged ₱100 billion insertion. The ultimate what now is whether these bodies will act decisively to investigate the flow of these funds and the alleged deliveries. A full, impartial investigation is essential for determining the truth, as the legitimacy of the entire budget process is now under public scrutiny.



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