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Advocates Philippines
CA Freezes Lawmaker's Assets Over Flood Project Anomalies
Photo credit: AMLC
The Anti-Money Laundering Council (AMLC) has secured a new court order freezing assets linked to an incumbent legislator as part of its ongoing investigation into alleged flood control project anomalies.
In a statement dated April 24, the AMLC said the Court of Appeals issued the freeze order on April 23, covering a lawmaker, a business associate, and a corporate entity found to have probable links to the reported irregularities.
According to the appellate court, there is probable cause to connect the assets to serious offenses, including plunder under Republic Act No. 7659, as well as direct and indirect bribery under the Revised Penal Code, and violations of the Anti-Graft and Corrupt Practices Act or Republic Act No. 3019.
The freeze order covers a wide range of financial and property assets. These include 25 bank accounts and 10 insurance policies under the legislator’s name. The alleged business associate holds 27 bank accounts, 10 insurance policies, and one investment account. Meanwhile, the corporate entity has two bank accounts, seven property accounts, and one real estate property now under restriction.
"The filing of this Petition for Freeze Order underscores the AMLC's continuous commitment to uphold public accountability and protecting the integrity of the Philippine financial system," said AMLC Executive Director Atty. Ronel U. Buenaventura.
A freeze order is a provisional remedy that preserves assets suspected to be connected to unlawful activity, preventing their transfer, disposal, or movement while authorities prepare for possible forfeiture proceedings.
The AMLC also disclosed that it has filed 12 civil forfeiture cases before various regional trial courts involving properties linked to the same flood control anomalies. These assets are currently under preservation orders while the cases remain pending.
The statement did not identify the legislator, and the investigation is ongoing.
In a statement dated April 24, the AMLC said the Court of Appeals issued the freeze order on April 23, covering a lawmaker, a business associate, and a corporate entity found to have probable links to the reported irregularities.
According to the appellate court, there is probable cause to connect the assets to serious offenses, including plunder under Republic Act No. 7659, as well as direct and indirect bribery under the Revised Penal Code, and violations of the Anti-Graft and Corrupt Practices Act or Republic Act No. 3019.
The freeze order covers a wide range of financial and property assets. These include 25 bank accounts and 10 insurance policies under the legislator’s name. The alleged business associate holds 27 bank accounts, 10 insurance policies, and one investment account. Meanwhile, the corporate entity has two bank accounts, seven property accounts, and one real estate property now under restriction.
"The filing of this Petition for Freeze Order underscores the AMLC's continuous commitment to uphold public accountability and protecting the integrity of the Philippine financial system," said AMLC Executive Director Atty. Ronel U. Buenaventura.
A freeze order is a provisional remedy that preserves assets suspected to be connected to unlawful activity, preventing their transfer, disposal, or movement while authorities prepare for possible forfeiture proceedings.
The AMLC also disclosed that it has filed 12 civil forfeiture cases before various regional trial courts involving properties linked to the same flood control anomalies. These assets are currently under preservation orders while the cases remain pending.
The statement did not identify the legislator, and the investigation is ongoing.
Apr 24, 2026
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