Rep. Zaldy Co of 'Ako Bicol' party-list resigns as a member of the House of Representatives
- Rep. Zaldy Co resigned from the House of Representatives amid corruption allegations he denies
- He cited threats to his life and lack of due process as reasons for stepping down
- Independent Commission for Infrastructure recommended graft and falsification charges over a flood control project in Oriental Mindoro
- Ako Bicol Partylist will soon name its replacement in Congress
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Ako Bicol party-list Representative Zaldy Co has stepped down from his post in the House of Representatives.
His resignation came after allegations of massive corruption tied to flood control projects and budget insertions.
Co has denied the accusations while staying abroad.
In a letter dated September 29 and addressed to Speaker Faustino "Bojie" Dy III, Co explained that he resigned because of direct threats to his family and himself.
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He also said he was denied due process. He called his resignation irrevocable and effective immediately.
The move came after the Independent Commission for Infrastructure (ICI) recommended possible graft, malversation, and falsification charges against him.
Several Department of Public Works and Highways (DPWH) officials in Oriental Mindoro were also included in the referral.
The ICI report focused on the P289.5 million road dike project along Mag-Asawang Tubig River in Naujan, Oriental Mindoro.
According to executive director Brian Hosaka, DPWH Region IV-B handled the project through Sunwest Inc., a contractor with past ties to Co.
Aside from Co, DPWH Regional Director Gerald Pacanan, Assistant Directors Gene Ryan Altea and Ruben Santos Jr., and ten more officials were included in the recommendation.
Co said Ako Bicol will inform the Speaker’s office of the nominee who will replace him in Congress. He promised a smooth transition and said his office will be cleared for the next representative.
In another letter, Co also announced that he would leave Ako Bicol for the meantime but assured that the group’s public service would continue.
He said he will return to the Philippines once it is safe and once he is ready to face the accusations against him.
Read GMA News' article here to know more about this breaking news.
Zaldy Co is a Filipino businessman and politician who serves as a representative of the Ako Bicol party-list in the House of Representatives. He has been linked to infrastructure projects and is often in the spotlight due to his influence in politics and business. His son, Ellis Co, is known as a young businessman and entrepreneur who has ventured into different industries and has gained attention for his leadership role in private companies. Together, the father-and-son duo has built a reputation in both politics and business, making their names familiar in the Philippine public and corporate circles.
In a previous report by KAMI, Ellis Co, son of Ako Bicol Rep. Zaldy Co, spoke out against his father over alleged involvement in flood-control corruption. He said he has been independent since age 16 and has avoided politics to focus on his fashion brand. Ellis condemned corruption, admitted conflict between morals and family, and expressed shame over the issue. He urged accountability for all guilty parties, including his father, saying he would accept being disowned if needed.
Additionally, Korina Sanchez-Roxas recently posted on her Instagram account. There, she posed in front of a beautiful palace while she was in Disneyland. However, she also made fun of it in relation to the recent issue involving her. She wrote in the first part of her post, "My P10 Million Palace," which was somehow related to the allegations thrown against her by Mayor Vico Sotto.
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Source: KAMI.com.gh
