AMLC secures more freeze orders on P3.9-B asset of gov’t officials in flood control mess

The Anti-Money Laundering Council (AMLC) on Wednesday announced that it secured additional freeze orders for the P3.9 billion assets of a high-ranking official from an independent constitutional body and a former official over anomalous flood control projects.

According to the AMLC, the freeze order covered 230 bank accounts, 15 insurance policies, two helicopters, and one airplane.

It said these were linked to violations of the Anti-Graft and Corrupt Practices Act and Malversation of Public Funds and Property.

“The issuance of the freeze orders will enable AMLC to pursue a more extensive financial investigation to uncover any possible money laundering scheme linked to the flood control projects,” AMLC Executive Director Matthew David said in a statement.

He assured the public that AMLC will pursue all possible legal remedies to hold accountable those who misused public funds.

At present, the AMLC has frozen a total of 3,566 bank accounts, 198 insurance policies, 247 motor vehicles, 178 real properties, and 16-e wallet accounts that are linked to the corruption.

The total value of the assets has reached P11.7 billion, according to the council.—AOL, GMA Integrated News