MANILA, Dec. 5 -- The Anti-Money Laundering Council (AMLC) on Friday said it has secured another freeze order against the assets of a construction firm and several associated entities and individuals allegedly involved in irregular flood control projects.

In a statement, the AMLC disclosed that the Court of Appeals (CA) issued the freeze order on Thursday, covering a private construction company identified as having the largest number of suspected ghost flood control projects.

Also included were entities and persons believed to be connected to the firm's operations.

The order affects 280 bank accounts, 22 insurance policies, three securities accounts, and eight air assets. The CA ruled that there were sufficient grounds to link these a...