MANILA. Philippines — The Anti-Money Laundering Council (AMLC) expanded its crackdown on assets allegedly tied to the misuse of public funds in the controversial flood control projects, securing its seventh freeze order from the Court of Appeals.
In a statement on Wednesday, the AMLC said the new freeze order covered 45 additional real estate properties and 81 luxury vehicles, including high-end sports cars, SUVs, and motorcycles reportedly owned by former government officials.
The latest order adds to the growing list of assets frozen under the agency’s ongoing investigation into the alleged diversion of infrastructure funds.
“We assure the public that our efforts have not ceased,” AMLC Executive Director Matthew M. David said. “We continue to pursue every lead, secure every necessary order, and hold accountable those who misuse public funds.”
The agency’s total list of frozen assets has now reached 1,671 bank accounts, 58 insurance policies, 244 vehicles, 144 real properties, and 12 electronic wallet accounts, with an estimated aggregate value of P6.3 billion.
“With the issuance of the seventh Freeze Order, this figure is expected to rise further,” David said.
