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

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

Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

The post Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council appeared on BitcoinEthereumNews.com. Michael Saylor and a group of crypto executives met in Washington, D.C. yesterday to push for the Strategic Bitcoin Reserve Bill (the BITCOIN Act), which would see the U.S. acquire up to 1M $BTC over five years. With Bitcoin being positioned yet again as a cornerstone of national monetary policy, many investors are turning their eyes to projects that lean into this narrative – altcoins, meme coins, and presales that could ride on the same wave. Read on for three of the best crypto projects that seem especially well‐suited to benefit from this macro shift:  Bitcoin Hyper, Best Wallet Token, and Remittix. These projects stand out for having a strong use case and high adoption potential, especially given the push for a U.S. Bitcoin reserve.   Why the Bitcoin Reserve Bill Matters for Crypto Markets The strategic Bitcoin Reserve Bill could mark a turning point for the U.S. approach to digital assets. The proposal would see America build a long-term Bitcoin reserve by acquiring up to one million $BTC over five years. To make this happen, lawmakers are exploring creative funding methods such as revaluing old gold certificates. The plan also leans on confiscated Bitcoin already held by the government, worth an estimated $15–20B. This isn’t just a headline for policy wonks. It signals that Bitcoin is moving from the margins into the core of financial strategy. Industry figures like Michael Saylor, Senator Cynthia Lummis, and Marathon Digital’s Fred Thiel are all backing the bill. They see Bitcoin not just as an investment, but as a hedge against systemic risks. For the wider crypto market, this opens the door for projects tied to Bitcoin and the infrastructure that supports it. 1. Bitcoin Hyper ($HYPER) – Turning Bitcoin Into More Than Just Digital Gold The U.S. may soon treat Bitcoin as…
Share
BitcoinEthereumNews2025/09/18 00:27