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AMLC secures fourth freeze order on assets linked to flood control controversy
AMLC secures fourth freeze order on assets linked to flood control controversy
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AMLC secures fourth freeze order on assets linked to flood control controversy
by Jim Fernandez03 October 2025

The Anti-Money Laundering Council (AMLC) has secured a fourth freeze order on Friday, from the Court of Appeals (CA), immobilizing additional assets associated with anomalous flood control expenditures.

“These freezes are real actions that stop corruption. Every peso frozen is a peso that cannot be used to sustain corruption,” said AMLC Executive Director Atty. Matthew David.

The freeze order encompasses 57 bank accounts, 10 real properties, and nine motor vehicles. The previous orders have targeted assets amounting to over ₱4 billion already, a number expected to climb, the AMLC announced in a press release.

A total of 1,620 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties, and 12 e-wallet accounts have been frozen by the CA.

“Among the assets seized are high-value holdings such as a luxury compound in a prime urban district, multiple high-end vehicles, virtual currencies, and unit investment trust funds,” the council detailed.

The Department of Public Works and Highways (DPWH) requested in September that the AMLC include the assets of its agency’s officials and contractors in its freeze orders.

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