MANILA, Oct. 3 -- The Anti-Money Laundering Council (AMLC) on Friday said it secured another freeze order from the Court of Appeals (CA) covering more assets linked to alleged irregularities in flood control spending.
In a statement, AMLC said the freeze order covers 57 bank accounts, 10 real properties and nine motor vehicles under its watch.
Prior freeze orders have already led to the immobilization of assets valued at over PHP4 billion.
AMLC said that to date, the CA has frozen a total of 1,620 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties and 12 e-wallet accounts.
Among the assets seized are high-value holdings such as a luxury compound in a prime urban district, multiple high-end vehicles, virtual c...
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