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Hunt for luxury cars intensifies as Zaldy Co’s assets probed

admin January 12, 2026

THE search for luxury vehicles allegedly tied to former lawmaker Zaldy Co has intensified, with the Highway Patrol Group (HPG) appealing to drivers to surrender the remaining ten cars on their list. This comes amid a widening investigation into anomalous flood control projects Co is allegedly linked to.

“We are actively looking for the remaining ten vehicles,” Police Colonel Hansel Marantan, acting director of the HPG, stated during a press conference on Monday. He warned drivers that possessing these vehicles could lead to criminal charges.

Marantan urged, “We are asking the drivers to surrender these vehicles. You might be held liable. You won’t be able to use them because you could be caught on the road, and you won’t be able to sell them either. If the vehicles are seized in your possession, you will be held liable.”

The authorities are scrutinizing approximately 24 luxury vehicles connected to Co. Raids were conducted last week at a Taguig City condominium, resulting in the seizure of some vehicles.

The Bureau of Customs initially targeted nine luxury vehicles, but only eight were recovered. Meanwhile, the HPG located six vehicles but could only seize four, as the remaining two were inoperable.

Currently, the Independent Commission for Infrastructure (ICI) holds 12 luxury vehicles related to the case.

Co, along with officials from the Department of Public Works and Highways (DPWH) and directors of Sunwest Corp., faces arrest warrants over alleged irregularities in flood control projects.

The Ombudsman filed charges of corruption and malversation of public funds against Co and others with the Sandiganbayan on November 18, 2025. These charges are in connection with a P289 million flood control project in Oriental Mindoro.

Co, who has denied the allegations, resigned from his position as a House member and reportedly fled overseas

Tags: Rep Co

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Source: USD/PHP @ Sat, 18 Apr.

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