NATIONAL
Advocates Philippines
AMLC Moves To Freeze Assets Of Contractors, House Member In Flood Control Mess
FILE
The Anti-Money Laundering Council (AMLC) has taken another major step in its investigation into alleged irregularities involving flood control projects after securing a new freeze order from the Court of Appeals.
In its ruling, the appellate court ordered the freezing of bank accounts belonging to several major contractors and a member of the House of Representatives who are suspected of having links to the controversial projects. The court noted that the assets may be connected to possible violations of Republic Act No. 3019, or the Anti-Graft and Corrupt Practices Act.
The latest freeze order covers 1,193 bank accounts, further expanding the scope of the ongoing probe.
As of this development, the AMLC has frozen a total of 6,538 bank accounts, along with 367 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts. These assets are believed to be tied to anomalous flood control projects under investigation.
The combined value of the frozen assets has reached approximately PHP 20.3 billion. Authorities said this figure is expected to rise as the AMLC continues to review and analyze the bank accounts included in the most recent freeze order.
The AMLC said it remains focused on tracking and securing assets allegedly linked to corruption, as the investigation into the flood control projects continues to widen.
In its ruling, the appellate court ordered the freezing of bank accounts belonging to several major contractors and a member of the House of Representatives who are suspected of having links to the controversial projects. The court noted that the assets may be connected to possible violations of Republic Act No. 3019, or the Anti-Graft and Corrupt Practices Act.
The latest freeze order covers 1,193 bank accounts, further expanding the scope of the ongoing probe.
As of this development, the AMLC has frozen a total of 6,538 bank accounts, along with 367 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts. These assets are believed to be tied to anomalous flood control projects under investigation.
The combined value of the frozen assets has reached approximately PHP 20.3 billion. Authorities said this figure is expected to rise as the AMLC continues to review and analyze the bank accounts included in the most recent freeze order.
The AMLC said it remains focused on tracking and securing assets allegedly linked to corruption, as the investigation into the flood control projects continues to widen.
Dec 19, 2025
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