Philippines $2 Billion Flood-Control Projects Corruption: 1) Syms Construction Trading Owner Sally Santos Withdrew $7.8 Million in Cash from Bank, 2) 70% of Government Funds for Flood-Control Projects Lost to Corruption

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Philippines $2 Billion Flood-Control Projects Corruption: 1) Syms Construction Trading Owner Sally Santos Withdrew $7.8 Million in Cash from Bank, 2) 70% of Government Funds for Flood-Control Projects Lost to Corruption

18th December | Hong Kong 

Philippines $2 Billion Flood-Control Projects Corruption – 1) Syms Construction Trading owner Sally Santos had withdrew $7.8 million in cash from bank (Reported from court trial), 2) 70% of government funds for flood-control projects estimated to have been lost to corruption.  In 2025 December, a Philippines court granted asset freeze on 2 Philippines lawmakers Eric Yap & Edvic Yap (brothers) & 2 contractors. Philippines government has reported $220 million assets frozen (Include 4,679 bank accounts, 283 insurance policies, 255 vehicles, 178 properties, 16 e-wallet accounts & 3 securities accounts.  In 2025 December, the Philippines government was attempting to freeze a private jet Gulfstream G350 (Pricing: $36 million, Pre-owned Pricing: $13 million) in Singapore & 2 AgustaWestland helicopters in Malaysia for corruption belonging to ex-Philippines politician & now-fugitive Elizaldy “Zaldy” Salcedo Co (Sunwest Group CEO & Misibis Bay Resort Chairman).  The corruption is linked to Philippines flood-control projects.  In 2025 September, Philippines Money Laundering & Corruption Cases – 1) Philippines central bank ordered banks to conduct enhanced due diligence for cash withdrawal exceeding $8,700 (PHP 500,000) in 1 day to combat money laundering, and 2) Philippines Anti-Money Laundering Council has secured a court order to freeze 592 bank accounts in suspected corruption linked to Philippines flood-control projects.

“ Philippines $2 Billion Flood-Control Projects Corruption: 1) Syms Construction Trading Owner Sally Santos Withdrew $7.8 Million in Cash from Bank, 2) 70% of Government Funds for Flood-Control Projects Lost to Corruption “

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Philippines Flood-Control Projects Corruption: Court Grants Asset Freeze on 2 Lawmakers Eric Yap & Edvic Yap (Brothers) & 2 Contractors, Total of $220 Million Assets Frozen (Include 4,679 Bank Accounts, 283 Insurance Policies, 255 Vehicles, 178 Properties, 16 E-Wallet Accounts & 3 Securities Accounts), Attempts to Freeze $36 Million Private Jet Gulfstream G350 in Singapore & 2 AgustaWestland Helicopters in Malaysia for Corruption Belonging to ex-Philippines Politician & Now-Fugitive Elizaldy “Zaldy” Salcedo Co (Sunwest Group CEO & Misibis Bay Resort Chairman)

10th December – Philippines Flood-Control Projects Corruption – A Philippines court has granted asset freeze on 2 Philippines lawmakers Eric Yap & Edvic Yap (brothers) & 2 contractors. Philippines government has reported $220 million assets frozen (Include 4,679 bank accounts, 283 insurance policies, 255 vehicles, 178 properties, 16 e-wallet accounts & 3 securities accounts.  In 2025 December, the Philippines government was attempting to freeze a private jet Gulfstream G350 (Pricing: $36 million, Pre-owned Pricing: $13 million) in Singapore & 2 AgustaWestland helicopters in Malaysia for corruption belonging to ex-Philippines politician & now-fugitive Elizaldy “Zaldy” Salcedo Co (Sunwest Group CEO & Misibis Bay Resort Chairman).  The corruption is linked to Philippines flood-control projects.  In 2025 September, Philippines Money Laundering & Corruption Cases – 1) Philippines central bank ordered banks to conduct enhanced due diligence for cash withdrawal exceeding $8,700 (PHP 500,000) in 1 day to combat money laundering, and 2) Philippines Anti-Money Laundering Council has secured a court order to freeze 592 bank accounts in suspected corruption linked to Philippines flood-control projects.

Philippines Government Attempts to Freeze $36 Million Private Jet Gulfstream G350 in Singapore & 2 AgustaWestland Helicopters in Malaysia for Corruption Belonging to ex-Philippines Politician & Now-Fugitive Elizaldy “Zaldy” Salcedo Co (Sunwest Group CEO & Misibis Bay Resort Chairman), Corruption Linked to Philippines Flood-Control Projects, 2 AgustaWestland Helicopters in Malaysia

2nd December – The Philippines government is attempting to freeze a private jet Gulfstream G350 (Pricing: $36 million, Pre-owned Pricing: $13 million) in Singapore & 2 AgustaWestland helicopters in Malaysia for corruption belonging to ex-Philippines politician & now-fugitive Elizaldy “Zaldy” Salcedo Co (Sunwest Group CEO & Misibis Bay Resort Chairman).  The corruption is linked to Philippines flood-control projects.  In 2025 September, Philippines Money Laundering & Corruption Cases – 1) Philippines central bank ordered banks to conduct enhanced due diligence for cash withdrawal exceeding $8,700 (PHP 500,000) in 1 day to combat money laundering, and 2) Philippines Anti-Money Laundering Council has secured a court order to freeze 592 bank accounts in suspected corruption linked to Philippines flood-control projects.

Philippines Money Laundering & Corruption Cases: 1) Central Bank Orders Banks to Conduct Enhanced Due Diligence for Cash Withdrawal Exceeding $8,700 (PHP 500,000) in 1 Day to Combat Money Laundering 2) Anti-Money Laundering Council Secures Court Order to Freeze 592 Bank Accounts in Suspected Corruption Linked to Philippines Flood-Control Projects

20th September – Philippines Money Laundering & Corruption Cases – 1) Philippines central bank has ordered banks to conduct enhanced due diligence for cash withdrawal exceeding $8,700 (PHP 500,000) in 1 day to combat money laundering, and 2) Philippines Anti-Money Laundering Council has secured a court order to freeze 592 bank accounts in suspected corruption linked to Philippines flood-control projects.

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