From GMA News

By AJ Alarcon

On Thursday, November 27, Anti-Money Laundering Council (AMLC) Executive Director Matthew David issued a statement saying that the council is now investigating the overseas assets of a high-ranking official and a former government executive, both linked to the flood control projects controversy.

The statement was made during an interview on Super Radyo DZBB, where David also said that the council has been actively working with foreign authorities to freeze properties abroad of individuals linked to the alleged anomalous projects.

“Nasimulan na po namin itong particular individuals na subject ng FOs (freeze orders) na ito,” he said.

With the FOs issued, the council is able to pursue a more extensive financial investigation to identify possible money laundering schemes related to the flood control projects.

He also explained that the AMLC will request information from its counterparts abroad to determine whether the subjects have bank accounts or assets overseas, expecting a response within a few weeks.

Previously, the council obtained additional freeze orders on the assets of individuals linked to the flood-control graft scandal, bringing the total value of frozen holdings to nearly P12 billion.

These include FOs for the P3.9 billion assets of the two linked individuals, covering 230 bank accounts, 15 insurance policies, two helicopters, and one airplane.

At present time, 3,566 bank accounts, 198 insurance policies, 247 motor vehicles, 178 real properties, and 16 e-wallet accounts linked to the corruption have been frozen by the AMLC.