Manila, Dec. 9 -- President Ferdinand R. Marcos Jr. has flagged more than PHP16 billion in transactions made by a construction firm involved in alleged anomalous flood control projects and tied to Benguet Rep. Eric Yap.

In a video message Tuesday, Marcos confirmed that the assets and properties of Silverwolves Construction Corporation were among those frozen by the Court of Appeals (CA) as part of the efforts to recover stolen public funds originally intended for flood control projects.

Marcos noted that most of Silverwolves' PHP16-billion funds were tied to the Department of Public Works and Highways' (DPWH) flood control projects.

"Naglabas na ang Court of Appeals ng freeze order laban sa mga bank accounts, ari-arian, at sasakyang pa...