By Joann Villanueva | Philippine News Agency
The Court of Appeals (CA) has issued another freeze order on approximately 1,193 bank accounts belonging to a member of the House of Representatives, as well as accounts linked to major contractors allegedly involved in anomalous flood control projects.
This was announced by the Anti-Money Laundering Council (AMLC) on Friday, citing the continued investigation into the issue.
The AMLC said the CA “found the assets of the individual and entities concerned to be linked to possible violations of Republic Act No. 3019, or the ‘Anti-Graft and Corrupt Practices Act’.”
“This affirms the AMLC’s commitment to perform its mandate as we continue to build on our progress despite the busy holiday season,” Executive Director Matthew David said.
CA has, to date, issued freeze orders on 6,538 bank accounts related to the ongoing investigation into the questioned infrastructure program.
It has also issued freeze orders for 367 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts.
These accounts have amounts totaling around P20.3 billion, it said.
“The said figure is expected to increase as the AMLC further conducts investigation into the bank accounts covered by the latest free order,” it added.
