Sandiganbayan orders seizure of Zaldy Co’s 16 properties

Eight of the properties coated by the order are in Pasig Metropolis, 4 in Makati Metropolis, three in Quezon Metropolis, and one in Lipa, Batangas.

MANILA, Philippines – Performing on a petition filed by state prosecutors, the anti-graft court docket Sandiganbayan has ordered the seizure of 16 properties of resigned lawmaker Zaldy Co, with an estimated worth of over P215 million.

In a 13-page determination promulgated on March 4 and made public on Monday, March 9, the Sandiganbayan Fifth Division mentioned it discovered “ample grounds” for the prosecution’s ex parte movement to situation a writ of preliminary attachment in opposition to the properties of Co, who faces graft and malversation circumstances in reference to the flood management mess.

“ACCORDINGLY, premises thought-about, the Prosecution’s Ex-Parte Movement for Issuance of Writ of Preliminary Attachment is GRANTED. Let a WRIT OF PRELIMINARY ATTACHMENT situation in opposition to accused Elizaldy ‘Zaldy’ Salcedo Co requiring the Sheriff of this court docket to connect a lot of the property within the Philippines of mentioned accused together with these particularly listed in web page 2 of this Decision, not exempt from execution, as could also be ample to fulfill the applicant’s demand in an quantity not exceeding PHP 215,331,394.47,” the court docket mentioned.

The properties shall be positioned beneath court docket custody pending the case.

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Eight of the properties coated by the order are in Pasig Metropolis, 4 in Makati Metropolis, three in Quezon Metropolis, and one in Lipa, Batangas.

In submitting the petition earlier than the anti-graft court docket in early February, the prosecution mentioned the properties have been sufficient to cowl Co’s civil legal responsibility in connection to his graft case stemming from an alleged anomalous flood management challenge in Naujan, Mindoro Oriental — ought to he be discovered responsible.

“In line with the prosecution, there may be an pressing want to connect accused Co’s properties to function safety for the satisfaction of the civil legal responsibility arising from the offense,” the court docket mentioned in its determination.

A writ of preliminary attachment is a provisional treatment issued upon orders of the court docket the place an motion is pending.

Co is among the many accused within the flood control-related graft and malversation circumstances filed by the Workplace of the Ombudsman in November 2025, and has pending warrants of arrest issued by the Sandigabayan. – Rappler.com