The Anti-Money Laundering Council (AMLC) has secured its sixth freeze order connected to the ongoing flood-control controversy, expanding its crackdown on allegedly ill-gotten wealth tied to public infrastructure projects.
The latest order covers 39 bank accounts, 4 insurance policies, and 59 real estate properties — several reportedly linked to a former high-ranking government official now under investigation for possible corruption and money laundering.
According to the AMLC, the cumulative impact of its previous five freeze orders has already immobilized a vast network of assets: 1,671 bank accounts, 58 insurance policies, 163 motor vehicles, 99 real estate properties, and 12 e-wallet accounts.
With the newest order, the total estimated value of frozen assets in connection with the flood-control probe has reached roughly ₱4.67 billion.
The AMLC’s series of freeze orders, issued through the Court of Appeals, underscores the agency’s intensified pursuit of financial accountability among contractors and public officials allegedly involved in anomalous infrastructure projects. Investigations remain ongoing in coordination with law enforcement and anti-graft agencies.