Manila: The Anti-Money Laundering Council (AMLC) on Wednesday secured a seventh freeze order from the Court of Appeals (CA) on assets of individuals linked to alleged anomalous flood control projects.

According to Philippines News Agency, the AMLC stated that the latest freeze order encompasses 45 additional real estate properties and 81 vehicles, including high-end sports cars, sports utility vehicles, and luxury motorcycles reportedly owned by former government officials. This new freeze order supplements the initial order granted by the CA on September 15 and marks a significant escalation in the investigation.

“As of today, the AMLC has frozen a total of 1,671 bank accounts, 58 insurance policies, 244 motor vehicles, 144 real properties, and 12 e-wallet accounts. The value of assets frozen has now surged to PHP 6.3 billion. With the issuance of the seventh freeze order, this figure is expected to rise further,” stated AMLC Executive Director Matthew David. He assured the public of their continued efforts to pursue every lead, secure necessary orders, and hold accountable those who misuse public funds.

The AMLC further indicated its ongoing collaboration with the Independent Commission for Infrastructure, the Office of the Ombudsman, the Bureau of Internal Revenue, and the National Bureau of Investigation. Their joint efforts aim to pursue all leads and ensure that funds intended for public welfare are not diverted for unlawful gain.