AMLC freezes PHP2.9-B worth of assets tied to Flood Control Scam

The Anti-Money Laundering Council (AMLC) has secured another Court of Appeals freeze order covering a wide range of assets linked to anomalous flood control projects. In a statement Tuesday, AMLC said the order covers 836 bank accounts, 12 e-wallets, 24 insurance policies, 81 vehicles, and 12 real estate properties—its most extensive freeze since the probe…

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