The Anti-Money Laundering Council (AMLC) has obtained another Freeze Order from the Court of Appeals (CA) as part of its intensified probe into alleged irregularities in flood control projects.

In a press release dated December 5, the AMLC said it secured the order on December 4, covering the assets of a private construction firm “identified as having the greatest number of ghost flood control projects,” as well as several entities and individuals linked to it.

According to the AMLC, the Freeze Order includes 280 bank accounts, 22 insurance policies, three securities accounts, and eight air assets. The CA found “sufficient grounds to connect these assets to possible violations” of the Anti-Graft and Corrupt Practices Act and Malversation of Public Funds and Property.

“The filing of this Petition for a Freeze Order underscores the AMLC's firm commitment to recover every peso of public funds that may have been misused,” Executive Director Matthew M. David said.

To date, a total of ₱13 billion worth of assets, including 4,679 bank accounts, 283 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and multiple securities accounts, have been frozen in connection with the alleged anomalous flood control projects, with the amount expected to rise as the investigation continues.