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 began.
“By freezing a wide range of assets — such as bank accounts, e-wallets, vehicles, and properties — the AMLC is disrupting the financial channels used in corrupt activities,” AMLC Executive Director Matthew David said.
“Our goal is straightforward: prevent stolen public funds from being dissipated and misused, recover them for the National Government, and ensure that those involved in money laundering are held accountable,” he added.
The latest directive builds on two earlier orders that already immobilized 1,563 bank accounts, 54 insurance policies, 154 vehicles, 30 properties, and 12 e-wallets.
So far, assets worth an estimated PHP2.9 billion have been frozen, with the amount expected to rise as the investigation continues.
The AMLC said it is working closely with other agencies to ensure public funds are safeguarded and properly used.
