Philippines freezes assets of two lawmakers in massive flood-project graft probe

MANILA, 9 Dec 2025 – President Ferdinand Marcos Jr revealed that the Court of Appeals has frozen the assets of ACT-CIS Partylist Rep. Eric Yap, his brother Benguet caretaker-congressman Edvic Yap, and two contractors linked to a widening corruption scandal involving flood-control projects.

lawmakers assets freezed

The latest freeze order covers 280 bank accounts, 22 insurance policies, three securities accounts, and eight aircraft.

Marcos stressed the move prevents the sale or transfer of allegedly ill-gotten assets so “every peso stolen can be returned to the public coffers.”

To date, the government has immobilised ₱13 billion (S$285 million) in assets, including thousands of bank accounts, vehicles, real estate, and aircraft tied to the scandal. Eric Yap has denied any wrongdoing.