President Ferdinand “Bongbong” Marcos Jr. on Tuesday announced that the Court of Appeals has issued a freeze order on bank accounts, assets, and aircraft linked to the anomalous flood control projects.
In a video statement, President Marcos said the order covers properties of Silverwolves Construction Corp. and Sky Yard Aviation Corp., along with personal accounts and assets of individuals allegedly involved in the controversy, including Benguet Rep. Eric Yap and Edvic Yap.
According to the President, more than P16 billion flowed through Silverwolves’ transactions between 2022 and 2025, most of which were tied to Department of Public Works and Highways flood control contracts.
A total of 280 bank accounts had been frozen, along with 22 insurance policies, three securities accounts, and eight aircraft, including airplanes and helicopters linked to Sky Yard Aviation.
Mr. Marcos said the freeze order is intended to prevent the sale or dispersal of suspected unlawfully acquired wealth and to ensure that public funds can be recovered, especially for communities heavily affected by flooding.
“For Filipinos who are repeatedly flooded, losing homes and livelihoods, not being able to steal the funds allocated for you and simply fleeing from justice,” he said.
Moreover, President Marcos noted that eight Department of Public Works and Highways (DPWH) personnel in Davao Occidental have written to authorities expressing their intent to surrender to the National Bureau of Investigation in connection with the case.
He also said a warrant of arrest for businesswoman Cezarah Rowena ‘Sarah’ Discaya is expected to be released within the week.
“Investigations will continue. Accountability will continue. And the government will make sure that public money is returned to the public,” Mr. Marcos said.
