CA freezes assets of suspended Mayor Guo over POGO links
The Court of Appeals (CA) issued a freeze order on Wednesday to seize the assets of suspended Bamban Mayor Alice Guo and two others linked to illegal Philippine offshore gaming operations.
Among those targeted are Zhiyang Huang and Baoying Lin, along with their associated companies such as Zun Yuan Technology Inc., BAOFU Land Development Inc., and Hongsheng Gaming Technology Inc.
Senator Sherwin Gatchalian disclosed that billions of 'unjustified' money went into Guo's bank accounts from 2019 to 2022, citing AMLC reports which detail the origin and transfer of funds.
The freeze order covers 36 bank accounts, 12 land holdings, 12 motor vehicles, and one helicopter, aimed at preventing asset dissipation during ongoing investigations.
AMLC suspects these individuals of orchestrating suspicious transactions and money laundering through billions in transfers from China to Guo's account, which then flowed out to various individuals and corporations involved in constructing POGO hubs in Bamban.
Gatchalian questioned why local banks did not report the suspicious transactions earlier, raising suspicions about possible connivance with the mayor.
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