THE Anti-Money Laundering Council (AMLC) has obtained another freeze order from the Court of Appeals, raising to P13 billion the total value of assets now blocked in the expanding investigation into alleged irregularities in flood control projects.
In a statement Friday, the AMLC said the Dec. 4 order covers the assets of a private construction company tagged as having the most “ghost” flood control projects, along with individuals and entities linked to it.
The latest directive freezes 280 bank accounts, 22 insurance policies, three securities accounts, and eight aircraft.
AMLC Executive Director Matthew David said the petition reflects the council’s resolve to recover public funds believed to have been misused.
