The Anti-Money Laundering Council (AMLC) has secured a new freeze order from the Court of Appeals targeting the assets of two contractors who secured the largest number of projects in Bulacan, a prominent businessman, and several other individuals and entities allegedly linked to ghost flood control projects.
In a statement released Friday night, the AMLC said the latest freeze order covers 379 bank accounts, 55 real properties, 10 insurance policies, 10 investment accounts, nine securities accounts, and four e-wallet accounts.
The council said the assets were found to be linked to violations of the Anti-Graft and Corrupt Practices Act and the malversation of public funds.
To date, the total value of frozen assets has reached P24.7 billion, with the figure still expected to rise upon further investigation into the assets covered by the latest freeze order.
AMLC Executive Director Matthew David said the council remains committed to protecting public resources and underscored that the freeze order sends a clear message that corruption must be exposed at its roots.
