Glenda Dela Cruz Fires Back at Money Laundering Allegations
GLENDA DELA CRUZ – The entrepreneur and CEO firmly denied allegations linking her to former Ako-Bicol party-list Representative Zaldy Co following speculation that surfaced online after her recent trip to Europe.
The controversy began when social media posts questioned whether her visit to Lisbon, Portugal, and her public declaration about paying ₱111 million in income tax had any connection to Co, who has been involved in political controversy. Co has been accused of receiving kickbacks from the national budget and has made allegations involving President Ferdinand Marcos Jr. and Leyte 1st District Representative and former House Speaker Martin Romualdez regarding alleged budget manipulation. Reports also claim that Co is currently outside the country, with some saying he is in Portugal, and he has yet to appear at any official hearing.
In response, Dela Cruz expressed frustration over what she described as baseless and malicious accusations. She questioned the logic of linking her to Co simply because she traveled to Lisbon and openly shared details of her tax payments. She pointed out how quickly people label her with serious accusations—from being called a scammer to being accused of money laundering, and now being tied to a controversial political figure.
She stressed that her trip to Europe was purely personal and privately funded, made possible by years of hard work and sacrifice in building her business. According to her, her wealth is legitimate, properly documented, and earned through honest means. She also emphasized that her taxes are fully paid and properly recorded.
Dela Cruz strongly condemned a social media page called Philippine Morning News for publishing what she described as defamatory content. She stated that the page took publicly available information—such as her Europe trip, her success as a businesswoman, and her tax contributions—and twisted these facts into a false narrative suggesting illegal activity. She maintained that she has absolutely no connection to Zaldy Co, any flood control scandal, or any form of unlawful financial activity.
