Philippines Freezes $204 Million Worth of Assets in Graft Probe

The Philippines has frozen more assets allegedly linked to graft-ridden flood control projects, raising the total to around 12 billion pesos ($204 million), President Ferdinand Marcos Jr. said on Wednesday.

The amount includes 4 billion pesos worth of aircraft of resigned lawmaker Zaldy Co, Marcos said in a video posted on his Facebook account. The Civil Aviation Authority of the Philippines had identified 13 aircraft including choppers and planes belonging to companies with ties to Co, local media reported earlier.