What is the Champs-Elysees, where Zaldy Co is reported to be staying?

Interior Secretary Juanito Victor “Jonvic” Remulla said former congressman Zaldy Co, who’s wanted for corruption and malversation charges, is staying at a house on Champs-Élysées Avenue–one of the most expensive places in Paris.

What is the Champs-Élysées?

According to GMA Newsfeed, Forbes has said properties on Champs-Élysées go for 13,255 Euros per square meter.

From being a marshland in the 17th Century, the Champs-Élysées has become a symbol of France’s prestige.

Its name was taken from Greek mythology, where the Elysian Fields or Elysium is a place of peace and beauty, and where heroes and good souls go when they die.

Champs-Élysées stretches for 1.9 kilometers from the Place de la Concorde to the Arc de Triomphe.

The Paris Tourism Office estimates 300,000 visit the Champs-Élysées on any day. The avenue is home to monuments, hotels, shops, and restaurants.

Tourists also go to the Champs-Élysées to experience the July 14 Parade and witness the finish of the Tour de France.

The local news outlet Le Monde has reported that the population in the 8th Arrondissement of Paris, where Champs-Élysées is located, has gone down over the past 50 years.

This has been attributed to the property purchases by ultra-rich foreigners that pushed real estate prices up and pushed residents to other communities.

According to a report on "24 Oras," Co's lawyer, Atty. Ruy Rondain said Remulla's pronouncements were "foolish." He said he didn't know Co's whereabouts. –NB, GMA News