MANILA, Philippines – The Anti-Money Laundering Council (AMLC) has secured a third freeze order against individuals tied to the flood control controversy. This latest directive builds on two earlier orders, collectively paralyzing a significant number of assets.
To date, the freeze orders have affected the following:
– 1,563 bank accounts
– 54 insurance policies
– 154 vehicles
– 30 properties
– 12 e-wallets
The third freeze order, granted by the Court of Appeals on September 30, covers 836 bank accounts linked to the case.
https://business.inquirer.net/550006/amlc-secures-3rd-freeze-order-vs-individuals-tied-to-flood-control-graft
About the Author
