The Anti-Money Laundering Council (AMLC) said it has secured a new freeze order from the court, targeting assets allegedly tied to anomalous flood control projects.
The order, issued by the Court of Appeals on Friday, covers 592 bank accounts, three insurance policies, 73 motor vehicles and 18 real properties. The assets belong to individuals and contractors linked with the irregular projects.
“The sheer magnitude of assets involved reflects the alarming scope of corruption tied to these flood control projects,” AMLC executive director Matthew David said in a statement.
“This freeze order marks another step toward the filing of appropriate civil and criminal cases against those found to have laundered illicit proceeds,” said David.
The AMLC said the order is part of its mandate to trace, preserve and recover assets from unlawful activities.
It said it would continue to coordinate with other government agencies to investigate the frozen accounts and identify additional assets.
