Watch the report, which prompted an official investigation of the Office of the OmbudsmanWatch the report, which prompted an official investigation of the Office of the Ombudsman

The investigation into Jojo Cadiz’s contractor conflict of interest

2025/12/08 10:54

MANILA, Philippines – After resigned congressman Zaldy Co published several videos, among them accusing President Ferdinand Marcos Jr. of earning kickbacks from corrupt infrastructure projects, investigators were quick to downplay them because they were not made under oath. Co is also evading an arrest warrant, and the President has dared him to come home, while denying the allegations.

Among the names Co mentioned is a “Usec Jojo Cadiz,” a Marcos-appointed undersecretary at the Department of Justice. Cadiz is a low profile undersecretary, but he was floated as a sure pick for either ombudsman or justice secretary. He has been with Marcos since the latter was a senator.

Rappler looked into Cadiz some more and found a conflict of interest. There is a construction company named after him, his wife, and his son. It is a contractor of the Department of Public Works and Highways (DPWH) with at least P250 million worth of projects, all in Ilocos Norte. The company is registered under the name of his son, who was just 19 years old during the company’s incorporation in 2023.

Cadiz’s resignation was announced the day after we published the story.

Watch Lian Buan’s report, which prompted an official investigation of the Office of the Ombudsman. – Rappler.com

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

SEC issues investor guide on crypto wallets and custody risks

SEC issues investor guide on crypto wallets and custody risks

The SEC released a guide on crypto wallets and custody for investors.
Paylaş
Cryptopolitan2025/12/14 08:38
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Paylaş
BitcoinEthereumNews2025/09/18 02:21