By Anna Leah Gonzales | Philippine News Agency
The Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) for the assets of suspended Bamban, Tarlac Mayor Alice Leal Guo and other individuals allegedly involved in the illegal operations of Philippine offshore gaming operators (POGO).
In a statement late Thursday, the AMLC said individuals identified in its petition include Mayor Guo, Zhiyang Huang, and Baoying Lin.
The freeze order issued by the CA on July 10, covered several assets, including 90 bank accounts across 14 financial institutions, several real properties, and high-value personal properties such as luxury vehicles and a helicopter.
The AMLC said the action aims to prevent the dissipation of assets while the investigation and legal proceedings continue.
“These individuals are suspected of orchestrating human trafficking and fraudulent activities through entities such as Zun Yuan Technology Inc., Baofu Land Development Inc., and Hongsheng Gaming Technology Inc.,” the AMLC said.
“The investigation uncovered significant financial transactions and assets amassed by these individuals as well as their involvement in money laundering, human trafficking, and other illicit operations,” it added.
According to AMLC, the illicit activities linked to these individuals and entities include the operation of an unauthorized POGO by Zun Yuan Technology Inc.
The investigation revealed that the company engaged in various illegal activities under the guise of POGO operations, including human trafficking, serious illegal detention, and online scam schemes.
It added that these operations were conducted within the premises of Baofu Land Development Inc., which housed numerous workers, including trafficked individuals, who were forced to participate in fraudulent online activities.
“The Court of Appeals’ freeze order is a critical move in our fight against money laundering and related criminal activities. Freezing these assets protects the integrity of our institutions and shields the public from the harms of unlawful activities. Our persistent crackdown on illicit proceeds of criminal activities highlights our bid to protect the integrity of our financial system and ensures that those who perpetrate these crimes will not enjoy the proceeds,” said Matthew David, AMLC Executive Director.
AMLC assured that it remains committed to its mandate of combating money laundering and ensuring that the financial system is not used as a conduit for illicit activities.
The freeze order stemmed from a petition filed by the AMLC on July 9, 2024, under Section 10 of the Anti-Money Laundering Act of 2001.
This action follows extensive investigations and joint operations led by the Presidential Anti-Organized Crime Commission (PAOCC) and the Philippine National Police – Criminal Investigation and Detection Group (PNP-CIDG).
The Senate is also investigating the illegal POGOs and the individuals, including Mayor Guo, linked in the recently raided POGOs in the provinces of Tarlac and Pampanga.
Guo’s camp has sought Supreme Court intervention which, Sen. Risa Hontiveros said, is the mayor’s right.
Hontiveros, chairperson of the Senate Committee on Women, Children, Family Relations, and Gender Equality that is investigating the raided POGOs, said she will wait for the copy of the petition.
Meanwhile, Sen. Joel Villanueva lauded the Department of Finance (DOF) and the National Economic and Development Authority (NEDA) for recommending the permanent ban of POGOs in the country.
Villanueva said in a statement that it is about time to ban POGOs.
“For our part, we have been pushing for the laws and policies which will not only ban POGOs but all forms of online gambling,” he said. (with reports from Leonel Abasola)
