Jauhn Etienne Villaruel

Article (news)

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/176490119546720250923-flood-cointrol-pampanga-ici-MT13.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Independent Commission for Infrastructure (ICI) special adviser and Baguio City Mayor Benjamin Magalong, together with Department of Public Works and Highways (DPWH) Secretary Vince Dizon, conduct an on-site inspection of major infrastructure projects in Pampanga on Tuesday, September 23, 2025. Maria Tan, ABS-CBN News</span></span></span></div><p>MANILA — The Anti-Money Laundering Council (AMLC) on Friday said it has secured another freeze order on assets of a construction firm found to have the greatest number of ghost flood control assets, along with individuals linked to the company.  </p><p>The new freeze order covers 280 bank accounts, 22 insurance policies, 3 securities accounts and 8 air assets.</p><div><a href="https://www.abs-cbn.com/news/business/2025/11/26/amlc-secures-additional-freeze-orders-for-assets-of-officials-linked-to-flood-control-scandal-1034">AMLC secures two more freeze orders for assets of officials in flood control scandal</a></div><p>The AMLC said that to date, 4,679 bank accounts, 283 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts have been frozen due to their links to the anomalous flood control projects. </p><p>The total value of the frozen assets has reached P13 billion and is expected to increase as the investigation deepens, the AMLC said.</p><div><br/></div><div><em>More details to follow.</em></div><div><br/></div><p>.</p>

<p>The Anti-Money Laundering Council (AMLC) on Friday said it has secured another freeze order on assets of a construction firm found to have the greatest number of ghost flood control assets, along with individuals linked to the company.</p>

The Anti-Money Laundering Council (AMLC) on Friday said it has secured another freeze order on assets of a construction firm found to have the greatest number of ghost flood control assets, along with individuals linked to the company.

AMLC: New freeze order out vs flood control firm; frozen assets now at P13B

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AMLC: New freeze order out vs flood control firm; frozen assets now at P13B

ABS-CBN News

Published December 05, 2025 10:21 AM PHT

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Updated December 05, 2025 10:24 AM PHT

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AMLC

flood control

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