The Anti-Money Laundering Council (AMLC) has obtained another freeze order targeting the assets of a construction firm identified as having the largest number of ghost flood control projects, along with individuals connected to it.
The order covers 280 bank accounts, 22 insurance policies, 3 securities accounts, and 8 air assets.
According to the AMLC, the broader probe has so far led to the freezing of 4,679 bank accounts, 283 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts linked to the scheme.
The total value of frozen assets has reached ₱13 billion, a figure the AMLC said is expected to grow as the investigation continues.