US EditionLuxury vehicles linked to Zaldy Co seized in Taguig City condo
Authorities seized eight luxury vehicles worth an estimated ₱145 million due to incomplete import documents and unpaid duties, linked to fugitive ex-lawmaker Zaldy Co.
- On Thursday, January 8 the Bureau of Customs seized eight luxury vehicles at Fort Victoria Condominium in Bonifacio Global City and transferred them to the Independent Commission for Infrastructure parking lot.
- Customs officials say gaps in import documents and unpaid duties prompted the court to issue search warrants after the Bureau of Customs found incomplete paperwork on 15 vehicles, including 9 linked to Zaldy Co.
- Among the seized cars were a Rolls Royce, Toyota Sequoia, Cadillac Escalades, Lexus models, and a Fortuner, several registered under Sunwest Inc. and Eco Leisure and Hospitality Holding Corp., with no documents found inside.
- The Philippine National Police Highway Patrol Group took custody of vehicles not covered by the warrants, police recovered four other luxury cars, and the CIDG plans to seek records on condominium parking-slot ownership.
- Valued at P145 million, the seized cars heighten asset-recovery stakes as Zaldy Co, former congressman, is a Sandiganbayan-declared fugitive in a graft case linked to a P289.5 million flood control project.
11 Articles
11 Articles
Co-Linked Luxury Vehicles Seized by Authorities in Bonifacio Global City
AUTHORITIES seized eight luxury vehicles allegedly owned by former Ako Bicol Party-list representative Elizaldy “Zaldy” Co during a raid at a condominium building in Bonifacio Global City over suspected customs violations.The operation involved joint teams from the Bureau of Customs, the Criminal Investigation and Detection Group–National Capital Region (CIDG-NCR), the Philippine National Police Highway Patrol Group (HPG) and the Independent C…
IN PHOTOS: Customs seizes P145M worth of luxury cars linked to Zaldy Co
MANILA, Philippines – The Bureau of Customs (BOC) seized eight illegally imported luxury vehicles linked to former congressman Zaldy Co on Thursday, January 8. The operation took place at the Fort Victoria Condominium in Taguig City, following information received by the Independent Commission for Infrastructure (ICI) that 15 luxury cars allegedly owned by Co were parked in the building. Upon inspection, BOC found that 9 of the 15 vehicles had i…
Luxury vehicles linked to Zaldy Co seized in Taguig City condo
MANILA, Philippines — Several luxury cars allegedly owned by former House of Representatives appropriations committee chair and resigned Ako Bicol party list Rep. Elizaldy “Zaldy” Co were seized by authorities at a Taguig City condominium on Thursday, the Criminal Investigation and Detection Group (CIDG) said. The operation stemmed from a search warrant for nine vehicles of which eight were found at the condominium’s parking lot as well as an ad…
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