The Anti-Money Laundering Council (AMLC) has secured a new freeze order in the investigation of alleged ghost flood control projects, bringing total frozen assets to nearly P25 billion.
The Court of Appeals ordered the freezing of 379 bank accounts, multiple e-wallets, insurance policies, securities, investments, and 55 real properties linked to two contractors and other individuals.
The freeze targets possible violations of the Anti-Graft and Corrupt Practices Act and misappropriation of public funds.
AMLC officials said the move highlights the complex financial trail and reaffirms their commitment to protecting public resources.
Ombudsman Jesus Crispin Remulla urged the AMLC to coordinate with investigating agencies to ensure proper case filing and prevent wrongful asset freezes.
Source: PhilNews24 | February 1, 2026
