The Anti‑Money Laundering Council (AMLC) has obtained its seventh freeze order from the Court of Appeals of the Philippines targeting assets connected to the ongoing flood-control corruption investigation.
According to the AMLC, the latest order covers 45 additional real estate properties and 81 luxury vehicles—including high-end sports cars, SUVs and motorcycles—allegedly owned by former government officials and contractors.
In total so far, the frozen assets linked to the scandal include:
- 1,671 bank accounts, 58 insurance policies, 244 motor vehicles, 144 real properties, and 12 e-wallet accounts.
- The estimated value of immobilised assets has reached ₱6.3 billion and is expected to rise as the investigation continues.
AMLC Executive Director Matthew M. David emphasised that freezing these assets is a crucial step in preventing the dissipation of funds that may have been misused and holds the promise of future restitution to the public.
The freeze orders are part of a broader collaborative effort involving the Independent Commission for Infrastructure (ICI), the Office of the Ombudsman of the Philippines, the Bureau of Internal Revenue and the National Bureau of Investigation (NBI), all working to trace the misuse of public funds for alleged ghost or sub-standard flood-control projects.