Manila, Nov. 6 -- The Anti-Money Laundering Council (AMLC) on Wednesday secured a seventh freeze order from the Court of Appeals (CA) on assets of individuals linked to alleged anomalous flood control projects.
In a statement, the AMLC said the latest freeze order covers 45 additional real estate properties and 81 vehicles, including high-end sports cars, sports utility vehicles, and luxury motorcycles reportedly owned by former government officials.
The new freeze order supplements the first freeze order granted by the CA on Sept. 15 and marks a significant escalation in the investigation.
"As of today, the AMLC has frozen a total of 1,671 bank accounts, 58 insurance policies, 244 motor vehicles, 144 real properties, and 12 e-wallet a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.