Must Read
STAFF. Then-senator Ferdinand Marcos Jr. (right) works with Jose 'Jojo' Cadiz Jr. (standing on the left), along with other legislative staff in improving the Bangsamoro Basic Law Substitute Bill on August 5, 2015.STAFF. Then-senator Ferdinand Marcos Jr. (right) works with Jose 'Jojo' Cadiz Jr. (standing on the left), along with other legislative staff in improving the Bangsamoro Basic Law Substitute Bill on August 5, 2015.
Marcos aide with contractor ties quits DOJ
MANILA, Philippines — Justice Undersecretary Jose “Jojo” Cadiz Jr. has tendered his resignation, Palace press officer Undersecretary Claire Castro told a press conference on Friday, December 5.
Cadiz is a longtime aide of President Ferdinand Marcos Jr. with ties to a two-year-old construction company that bagged hundreds of millions of pesos worth of projects in Ilocos Norte, Cadiz’s and the Marcoses’ home province.
“Sa ating pagkakaalam, siya po ay nagsubmit na ng kanyang resignation (As far as I know, he has submitted his resignation),” Castro said, when asked if Cadiz continues to enjoy the President’s trust and if he will remain with the Department of Justice (DOJ).
As of posting time, Castro could not provide the details of Cadiz’s resignation, or if it had been accepted by Acting Justice Secretary Fredderick Vida.
Play Video 
Cadiz was appointed to the post in 2022, just over a month after Marcos assumed the presidency. Cadiz hails from Ilocos Norte, the bailiwick of the Marcoses, and has extensive ties to not just the President, but the Marcos clan, based on Rappler’s research.
He was part of the President’s legislative team when he served in the Senate. Cadiz had also been tapped by the President’s sister, Senator Imee Marcos, to handle Ilocos Norte’s legal affairs, when the latter was governor.
A Rappler investigation found that a construction company incorporated in 2023 by his then-19-year-old-son bagged at least P250 million in projects in Ilocos Norte.
The 1987 Constitution explicitly prohibits officials of the executive, to include undersecretaries, from being “directly or indirectly…financially interested” in a government contract.
Asked if Marcos had known or had been since made aware of Cadiz’s ties to a major construction firm, Castro said, “We have not talked about that but if there’s a need for investigation on that issue let the investigation be done.”
Former House appropriations chairperson Zaldy Co had earlier accused Cadiz of acting as a bagman for Marcos. – 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 [email protected] 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
a16z Escapes America: The Twilight of the VC Empire and the New King
Author: Anita On December 10, 2025, a16z Crypto announced the opening of an office in Seoul. The press release called it an "offensive," but if you look deeper
Share
PANews2025/12/15 19:00
İngiliz Devi Barclays 2026 Yılı Beklentilerini Açıkladı: “Bunlar Olmazsa, Bitcoin İçin Düşüş Yılı Olabilir!”
Lider kripto para birimi Bitcoin (BTC) Ekim ve Kasım aylarında yaşanan sert ve ani düşüşlerin ardından Aralık ayında 90 bin doların üzerine toparlandı. Ancak BTC
Share
Coinstats2025/12/15 19:12
Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!
The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/
Share
BitcoinEthereumNews2025/09/18 04:06