‘Marcos insisted on his P100 billion insertions’
I AM publishing relevant parts of former congressman Elizaldy “Zaldy” Co’s February 2025 letter to President Marcos, which he posted recently in his Facebook page, for Filipinos to decide for themselves whether credible or not his account is of the very dark side of this administration. Marcos has arrogantly dismissed his claims saying: “Anyone can go online and make all kinds of claims and say all kinds of things… but it means nothing.”
That doesn’t wash, as Co is not just “anyone.” As his account below reveals, he was assigned the task by speaker Martin Romualdez to shepherd the budget bill through the myriad opposition and lobbying by senators, and even executive department officials.
One thing is clear in his account: despite Co’s legitimate arguments, Marcos was adamant in his P100-billion insertions, 70 percent of which was for DPWH flood control projects. Co would later claim that this was the source of P25-billion kickbacks from contractors involved in these projects, and he arranged the delivery of these moneys to Martin Romualdez, who told him these would be given to Marcos.
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