PRESIDENT Ferdinand Marcos Jr. announced on Tuesday that the Court of Appeals has issued a freeze order on the assets of Benguet Rep. Eric Yap, ACT-CIS Rep. Edvic Yap, and Silverwolves Construction Corporation in connection with alleged anomalies in La Union flood-control projects.
Marcos said the order covers bank accounts, properties, and air assets of the Silverwolves Construction Corporation, Sky Yard Aviation Corporation, and the personal assets of the individuals under investigation, including the Yap brothers.
He noted that more than P16 billion passed through Silverwolves’ transactions from 2022 to 2025, most tied to DPWH flood-control projects.
According to the President, authorities have frozen 280 bank accounts, 22 insurance policies, three securities accounts, and eight aircraft—including planes and a helicopter linked to Sky Yard Aviation.
He said the action aims to prevent the sale of assets and ensure the government can recover any stolen public funds.
Marcos stressed that flood-control funds can no longer be diverted at the expense of Filipinos who repeatedly suffer from severe flooding.
Ombudsman Jesus Crispin Remulla earlier named Rep. Eric Yap as a “person of interest” linked to Silverwolves. Public Works Secretary Vince Dizon also filed malversation complaints against DPWH officials and Silverwolves, as well as St. Timothy Corporation.
Rep. Yap has denied involvement in alleged kickbacks, following claims that he delivered cash-filled suitcases to former lawmaker Zaldy Co. Remulla added that AMLC findings show contractors Pacifico and Cezarah “Sara” Discaya sent money to Rep. Edvic Yap around 2019 or 2020.
