The Anti-Money Laundering Council (AMLC), has secured more freeze orders covering around P11.7 billion worth of assets of high-ranking incumbent and former government officials and individuals allegedly involved in the scandalous flood control projects that are now under investigation.
In a recent press release, the AMLC said it has secured freeze orders covering 230 bank accounts, 15 insurance policies, two helicopters, and an airplane that are associated with an incumbent official of an independent constitutional body and a former elected official.
“The assets were determined to be linked to violations of Republic Act No. 3019, otherwise known as the Anti-Graft and Corrupt Practices Act,” as well as “Malversation of Public Funds and Property under Article 217 of the Revised Penal Code, as amended,” the media release said.
The release did not identify the owners of the suspected ‘kurakot’ assets mentioned but AMLC Executive Director Matthew David said, “the freeze orders will enable them to pursue a more extensive financial investigation to uncover any possible money laundering scheme linked to the flood control projects” scandal.
“The public can be assured that AMLC will continue to pursue all possible legal remedies to ensure that those involved in the misuse of public funds are held accountable,” he said.
Investigations into the questionable government flood control projects have resulted to the issuance of freeze orders against 3,566 bank accounts, 198 insurance policies, 247 motor vehicles, 178 real property assets and 16 e-wallet accounts, worth a total of around P11.7 billion. (With PNA)