MANILA – Authorities have transferred eight high-end luxury vehicles—valued at an estimated P145 million and linked to former Ako Bicol Party-list Rep. Elizaldy “Zaldy” Co—to the Independent Commission for Infrastructure (ICI) for safekeeping following a raid in Bonifacio Global City (BGC), Taguig. The turnover occurred on January 9, 2026, after the Bureau of Customs (BOC) and Philippine National Police (PNP) executed a warrant of seizure and detention on January 8.
The vehicles, found in a condominium parking lot, include a Rolls-Royce, Cadillac Escalade, Lexus, and Toyota Sequoia, among others. They are registered under companies tied to Co (e.g., Sunwest Incorporated) or his spouse. Some face issues with documentation, taxes, customs duties, and importation.
Context of the Seizure
- Operation: Joint BOC, PNP Highway Patrol Group (HPG), and Southern Police District effort.
- Link to Scandal: Co is implicated in the multibillion-peso flood control corruption probe; assets seen as potential ill-gotten gains.
- Additional Vehicles: More cars not covered by the warrant may follow separate processes.
- Safekeeping: ICI compound in Taguig secured by Customs and Coast Guard.
No official statement from Co yet. The seizure advances government recovery efforts in the infrastructure anomaly case.
Seized Vehicles Snapshot:
| Known Models | Estimated Value (Total) | Status |
|---|---|---|
| Rolls-Royce, Cadillac Escalade, Lexus, Toyota Sequoia, others | ~P145 million | Turned over to ICI for custody |
Progress in accountability—assets under scrutiny amid ongoing probes.