1,193 bank accounts of House member, contractors frozen

1,193 bank accounts of House member, contractors frozen

MANILA, Philippines – The Anti-Money Laundering Council (AMLC) obtained a new court order freezing 1,193 bank accounts of several major contractors and a member of the House of Representatives. As in previous cases, the AMLC did not disclose specific ownership details of the blocked holdings, keeping information top secret to avoid tip-offs and possible dissipation […]...Keep on reading: 1,193 bank accounts of House member, contractors frozen

AMLC freezes 1,193 bank accounts of contractors, congressman

The Anti-Money Laundering Council (AMLC) has widened its financial investigation into the controversial flood control projects, securing a new freeze order covering the bank accounts of major contractors and a member of the House of Representatives allegedly linked to the irregularities.

AMLC: Frozen assets in flood control mess hit P20.3B

The Anti-Money Laundering Council (AMLC) announced Friday it has secured a new freeze order on the assets of "major contractors" and a sitting member of the House of Representatives linked to the flood control corruption scandal, bringing the total worth of frozen assets to more than P20 billion since the probe began.

AMLC FREEZES ASSETS IN FLOOD CONTROL SCANDAL

The Anti-Money Laundering Council (AMLC) continues its investigation into the flood control project anomalies as it secures another freeze order.  In its ruling, the Court of Appeals ordered the freezing of the bank accounts of major contractors and a member of House of Representatives, for possible links to the flood control project anomalies. The Court of Appeals found the assets of the individual and entities concerned to be linked to possibl…