The Anti-Money Laundering Council (AMLC) secured its sixth freeze order from the Court of Appeals, covering 39 bank accounts, insurance policies, and 59 real estate properties linked to alleged corruption in government flood control projects.
The assets, valued at P4.67 billion, are connected to a former official suspected of involvement in the procurement process.
So far, authorities have frozen a total of 1,671 bank accounts, 58 insurance policies, 163 vehicles, and 99 properties tied to the scheme.
AMLC is working with various government agencies to investigate individuals and entities flagged during recent Senate hearings.
The council emphasized that more freeze orders may be issued as the probe continues.
Source: PhilNews24 | October 12, 2025
