AMLC freezes P20.3 billion in bank accounts linked to flood control scandal

The Anti-Money Laundering Council (AMLC) has secured a freeze order on 1,193 bank accounts worth P20.3 billion related to a flood control corruption scandal.

The Court of Appeals granted the freeze order on the accounts of three major contractors and a sitting member of the House of Representatives, identified as Rep. Edwin Gardiola.

The CA found sufficient grounds to link these assets to possible violations of the Anti-Graft and Corrupt Practices Act.

The AMLC has so far secured freeze orders for a total of 6,538 bank accounts, 367 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts.

The government is also targeting the seizure of assets belonging to former Ako Bicol party-list representative Zaldy Co, who is reportedly in hiding.