Peanut Gallery Media Network
  • Home
  • News
    • Investigations
    • Politics
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Sports
    • Athletes
    • Basketball
    • Global Sports
    • MMA
  • Media
    • Anchors
    • Podcasts
    • Reels
    • Video Features
  • People
    • Changemakers
    • Profiles
    • Spotlight
No Result
View All Result
Peanut Gallery Media Network
  • Home
  • News
    • Investigations
    • Politics
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Sports
    • Athletes
    • Basketball
    • Global Sports
    • MMA
  • Media
    • Anchors
    • Podcasts
    • Reels
    • Video Features
  • People
    • Changemakers
    • Profiles
    • Spotlight
Peanut Gallery Media Network
No Result
View All Result
Home News Investigations

Blue Ribbon bomb: Jinggoy, Joel, Bong Revilla, Zaldy Co named in scandal; bank accounts may be frozen

Vea Ysabel Carreon by Vea Ysabel Carreon
September 24, 2025
in Investigations, News, Politics
0
Blue Ribbon bomb: Jinggoy, Joel, Bong Revilla, Zaldy Co named in scandal; bank accounts may be frozen
79
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

Former Bulacan District Engineer Henry Alcantara has come forward with explosive allegations linking sitting senators Jinggoy Estrada and Joel Villanueva, former senator Ramon Bong Revilla, Jr., and Ako Bicol partylist representative Rep. Zaldy Co to questionable flood control projects amounting to billions of pesos from 2019 to 2025.

You might also like

Nick Reiner’s lawyer withdraws from parents’ murder case but says he is not guilty

ICC shuts down Duterte bid for new medical report, keeps detention review on court’s terms

Public trust collapses as Pulse Asia finds 94% of Filipinos call government corrupt

In a sworn statement submitted to the Senate, Alcantara admitted to acting as a conduit in several transactions but insisted he had no direct dealings with the senators themselves.

Alcantara alleged that in 2022, Sen. Joel Villanueva’s district was allocated ₱600 million for multipurpose buildings, far short of the ₱1.5 billion originally requested. He said these funds were eventually charged to flood control projects under the unprogrammed appropriations.

From that allocation, a 25% cut — ₱150 million — was set aside. Alcantara said he delivered this amount to Villanueva’s local staff in Bocaue, Bulacan, telling them: “Pakibigay mo na kay Boss, tulong ko to kung ano man ang future na plano niya.” He maintained that Villanueva had no direct knowledge that the ₱150 million came from flood control funds.

With respect to Sen. Jinggoy Estrada, Alcantara said his name surfaced in 2024 budget discussions tied to ₱355 million worth of pumping station and flood control projects. He stressed, however, that he never had any direct communication with Estrada.

Alcantara alleged that a ₱300 million allocation in the 2024 General Appropriations Act was intended for Sen. Ramon “Bong” Revilla Jr., who was then seeking reelection. He claimed that unlike the usual 25% share, the proponent’s cut was raised to 30% — or roughly ₱90 million — though he emphasized he never dealt with Revilla personally.

Alcantara also implicated Rep. Zaldy Co, recounting that they first met in 2021 in Taguig, where Co expressed intent to funnel funds into Bulacan’s 1st District. By 2022, Alcantara said Co had given ₱519 million worth of projects for implementation by the Department of Public Works and Highways Bulacan 1st District Engineering Office.

From 2022 to 2025, Alcantara claimed Co became a “vital player,” linking his district to 426 projects worth about ₱35.2 billion. He alleged that in 2022, Co’s camp initially asked for a 20% share of project allocations, but this increased to 25% from 2023 to 2025.

Payments, Alcantara said, were either advanced through him or delivered by his men to Co’s representatives identified as “Paul” and “Mark,” with transactions taking place in hotel parking lots or at Co’s residence in Pasig.

He further alleged that from 2023 to 2025, Co was also instrumental in distributing allocations to other districts, concealing the true source of the funds from the public.

The National Bureau of Investigation has recommended filing criminal cases against Senators Villanueva, Estrada, and Revilla, as well as Rep. Zaldy Co, based on Alcantara’s sworn statement.

The Anti-Money Laundering Council, however, has not yet frozen their bank accounts, though officials said the process is being expedited with supporting documents already filed to secure court-issued freeze orders.

Tags: AMLCBong RevillaJinggoy EstradaJoel VillanuevaNBISenate Blue RibbonZaldy Co
Share32Tweet20
Vea Ysabel Carreon

Vea Ysabel Carreon

Recommended For You

Nick Reiner’s lawyer withdraws from parents’ murder case but says he is not guilty

by Emmanuel Lynx
January 10, 2026
0
Nick Reiner’s lawyer withdraws from parents’ murder case but says he is not guilty

A celebrity defense lawyer just walked away from one of Hollywood’s ugliest cases, and he won’t say why. On January 7 in Los Angeles Superior Court, attorney Alan...

Read moreDetails

ICC shuts down Duterte bid for new medical report, keeps detention review on court’s terms

by Sophia Sevilla
January 10, 2026
0
ICC shuts down Duterte bid for new medical report, keeps detention review on court’s terms

The International Criminal Court has rejected a bid by former Philippine president Rody Duterte to secure another medical report, ruling that the court appointed panel has already completed...

Read moreDetails

Public trust collapses as Pulse Asia finds 94% of Filipinos call government corrupt

by Sophia Sevilla
January 10, 2026
0
Public trust collapses as Pulse Asia finds 94% of Filipinos call government corrupt

Ninety four percent of Filipino adults believe corruption in the Philippine government is widespread, according to a nationwide survey conducted by Pulse Asia Research Inc. in December 2025....

Read moreDetails

Filipino man in Los Angeles to plead guilty to funding ISIS, possessing improvised bomb

by PGMN Staff
January 10, 2026
0
Filipino man in Los Angeles to plead guilty to funding ISIS, possessing improvised bomb

A Filipino lawful permanent resident in the United States has agreed to plead guilty to federal charges accusing him of sending money to the Islamic State and keeping...

Read moreDetails

Gay catholics join nazareno; “God loves all people” — and PGMN agrees

by Vea Ysabel Carreon
January 10, 2026
0
Gay catholics join nazareno; “God loves all people” — and PGMN agrees

Four devotees from the LGBT community joined thousands of Catholics during the annual feast of the Black Nazarene, waiting more than 15 hours at the Quirino Grandstand in...

Read moreDetails

Related News

Nick Reiner’s lawyer withdraws from parents’ murder case but says he is not guilty

Nick Reiner’s lawyer withdraws from parents’ murder case but says he is not guilty

January 10, 2026
ICC shuts down Duterte bid for new medical report, keeps detention review on court’s terms

ICC shuts down Duterte bid for new medical report, keeps detention review on court’s terms

January 10, 2026
Public trust collapses as Pulse Asia finds 94% of Filipinos call government corrupt

Public trust collapses as Pulse Asia finds 94% of Filipinos call government corrupt

January 10, 2026
Peanut Gallery Media Network

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

© 2025 PGMN - Peanut Gallery Media News

No Result
View All Result
  • Home
  • News
    • Investigations
    • Politics
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Sports
    • Athletes
    • Basketball
    • Global Sports
    • MMA
  • Media
    • Anchors
    • Podcasts
    • Reels
    • Video Features
  • People
    • Changemakers
    • Profiles
    • Spotlight

© 2025 PGMN - Peanut Gallery Media News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?