The Anti-Money Laundering Council (AMLC) on Wednesday obtained its fifth freeze from the Court of Appeals amid the ongoing probe in the flood control project controversy.
“The latest freeze order covers several additional bank accounts, linked to persons-of-interests, notably including an entity whose license had been allegedly used in the implementation of ghost projects,” the AMLC said in a statement.
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The previous freeze orders have immobilized 1,632 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties and 12 e-wallet accounts.
“This brings the total value of frozen assets to over P4.4 billion. With the issuance of this fifth freeze order, this figure is expected to rise,” it said.
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