The Anti-Money Laundering Council (AMLC) is intensifying its investigation into the alleged anomalies surrounding flood control projects in Bulacan, as authorities move to secure more assets linked to the case.
On January 30, the Court of Appeals issued a new freeze order covering the bank accounts and assets of two contractors identified as major recipients of flood control projects in the province but later found to be non-existent.
The order also includes a prominent businessman and several other individuals and entities implicated in violations of the Anti-Graft and Corrupt Practices Act and Malversation of Public Funds.
The freeze order covers a wide range of assets, including 379 bank accounts, four e-wallet accounts, 10 insurance policies, nine securities accounts, 10 investment accounts, and 55 real properties.
So far, authorities have frozen assets amounting to ₱24.7 billion, consisting of bank accounts, insurance policies, vehicles, real properties, e-wallets, securities, and investment accounts connected to the alleged flood control scam.
The AMLC said the total value of frozen assets is expected to increase further as the investigation continues.