The Anti-Money Laundering Council (AMLC) said Wednesday it secured its seventh freeze order from the Court of Appeals, expanding its list of frozen assets related to the alleged misuse of public infrastructure funds.
The latest order targets 45 additional real estate properties and 81 vehicles, including high-end sports cars, SUVs and luxury motorcycles, reportedly owned by former government officials.
This action adds to the substantial amount of assets already frozen in the ongoing investigation.
The AMLC said it has frozen a total of P6.3 billion worth of assets. These include 1,671 bank accounts, 58 insurance policies, 244 motor vehicles, 144 real properties and 12 e-wallet accounts. The council anticipates this total figure will rise further following the issuance of the seventh freeze order.
“We assure the public that our efforts have not ceased. We continue to pursue every lead, secure every necessary order, and hold accountable those who misuse public funds,” said AMLC executive director Matthew David in a statement Wednesday.
The AMLC said it continues to investigate and secure further orders as it pursues those responsible for the alleged misappropriation of public funds.
