Photo by James Patrick Cruz/RapplerPhoto by James Patrick Cruz/Rappler

IN PHOTOS: Customs seizes P145M worth of luxury cars linked to Zaldy Co

2026/01/09 20:17

MANILA, Philippines – The Bureau of Customs (BOC) seized eight illegally imported luxury vehicles linked to former congressman Zaldy Co on Thursday, January 8.

The operation took place at the Fort Victoria Condominium in Taguig City, following information received by the Independent Commission for Infrastructure (ICI) that 15 luxury cars allegedly owned by Co were parked in the building.

Upon inspection, BOC found that 9 of the 15 vehicles had incomplete importation documents and unpaid duties and taxes.

The Metro Manila Regional Trial Court Branch 41 subsequently issued search warrants for these nine vehicles after finding probable cause that they violated the Customs Modernization and Tariff Act.

During the search, eight of the nine vehicles were located in the condominium’s parking lot. Authorities said the vehicles were registered under companies linked to Co.

Here’s the list of the seized luxury vehicles, with a total estimated worth of P145 million:

1. White Rolls Royce under Eco Leisure and Hospitality Holding Corp.

City, Car, TransportationPhoto by James Patrick Cruz/Rappler

2. Black Toyota Sequoia under La Venezia Hotel and Spa Inc.

Car, Suv, TransportationPhoto by James Patrick Cruz/Rappler

3. Black Cadillac Escalade under Misibis Resort and Hotel Management Inc.

Car, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

4. Black Cadillac Escalade under Sunwest Construction and Development Corp.

Car, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

5. Black Cadillac Escalade under Eco Leisure and Hospitality Holding Corp.

Car, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

6. Black Lexus under Sunwest Construction and Development Corp.

Car, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

7. Lexus Sport Plus under La Venezia Hotel and Spa Inc.

Bumper, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

8. Black Mercedes-Benz under Sunwest Construction and Development Corp.

Car, Transportation, VehiclePhoto by James Patrick Cruz/Rappler

The seizure was carried out by the BOC in coordination with the Philippine National Police’s Highway Patrol Group and the Criminal Investigation and Detection Group.

PNP also recovered four other luxury vehicles not covered by the said search warrants. These include the following:

  • Lexus Hybrid LM350h
  • Lexus LV 350
  • GMC Yukon Genau
  • Ferrari light metallic blue

Due to limited space at the BOC compound and the proximity of ICI offices to the search site, the seized vehicles are temporarily being held in the ICI parking lot. – Rappler.com

Market Opportunity
Seed.Photo Logo
Seed.Photo Price(PHOTO)
$0.33099
$0.33099$0.33099
+2.33%
USD
Seed.Photo (PHOTO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
XRP Price May Drop To This Level Before Major Rally

XRP Price May Drop To This Level Before Major Rally

The post XRP Price May Drop To This Level Before Major Rally appeared first on Coinpedia Fintech News 2026 began on a bullish note for XRP as the token price rallied
Share
CoinPedia2026/01/10 15:12
Pump.fun Revamps Creator Fees With Fee Sharing and New Controls

Pump.fun Revamps Creator Fees With Fee Sharing and New Controls

The post Pump.fun Revamps Creator Fees With Fee Sharing and New Controls appeared on BitcoinEthereumNews.com. Pump.fun co-founder Alon Cohen said the Solana-based
Share
BitcoinEthereumNews2026/01/10 15:41