MANILA, Nov. 26 -- Around PHP3.9 billion worth of assets of a high-ranking official and a former elected official have been issued freeze orders in line with the government's investigation into the anomalous flood control projects.

The Anti-Money Laundering Council (AMLC), in a press release on Wednesday, said it secured the freeze orders on Tuesday, and this cover 230 bank accounts, 15 insurance policies, two helicopters, and an airplane of 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 Articl...