State & Local News
Philippine Court Freezes Flood Control Contractor Assets
March 20, 2026
The Court of Appeals in the Philippines has ordered asset freezes on companies linked to Macy Maglanque, daughter of flood control contractor Rene Maglanque, amid allegations of involvement in a multi-billion peso laundering scheme related to flood control funds in Central Luzon. The Anti-Money Laundering Council (AMLC) flagged these entities, including Fuelteq Petroleum OPC and Globalmacy Petroleum OPC, as conduits in the misuse of public funds. Globalcrete Builders, the prime contractor for flood control projects valued at approximately ₱1.9 billion from 2022 to 2025, is central to this investigation. This development highlights significant risks of corruption and financial irregularities in government flood control procurement in the region.
- Why this matters: Procurement professionals should be aware of heightened scrutiny and potential legal actions affecting contractors involved in flood control projects in Central Luzon, Philippines.
- Agencies and contractors must ensure rigorous due diligence and compliance to mitigate risks of association with flagged entities.
- This case underscores the importance of transparency and anti-corruption measures in infrastructure procurement to protect public funds.
- Businesses should evaluate their partnerships and subcontractors carefully in regions with ongoing investigations to avoid reputational and operational impacts.
A showing that these assets are related to illegal activities.
— Court of Appeals
Agencies
Anti-Money Laundering Council, Sandiganbayan, Department of Labor and Employment, Court of Appeals
Vendors
Globalcrete Builders, Fuelteq Petroleum OPC, Globalmacy Petroleum OPC, MBB Global Properties Corp.
Contracts
₱1.9 billion
Locations
Sources
- Nepo baby playbook: Macy Maglanque’s Fuelteq, Globalmacy flagged in contractor dad’s flood control fund trail · Bilyonaryo Business News · Mar 20