Metro Manila, Philippines – The Anti-Money Laundering Council (AMLC) has frozen assets worth P24.7 billion so far as the government continues its crackdown on anomalies in flood control projects.
The figure is expected to rise after the AMLC secured another freeze order on Friday, Jan. 30.
In a statement, the body said the Court of Appeals issued the order against the bank accounts of two contractors that cornered the majority of flood control projects in Bulacan, which were later found to be ghost or non-existent.
It also covered a prominent businessman, and other related persons and entities tagged in the corruption scandal. AMLC did not name the individuals whose assets were ordered frozen.
It specified the order to block the following:
- 379 bank accounts
- 55 real properties
- 10 insurance policies
- 10 investment accounts
- nine securities accounts; and
- four e-wallet accounts
President Ferdinand Marcos Jr. ordered the investigation of flood control corruption during his fourth State of the Nation Address in July last year.
In a privilege speech in August last year, Sen. Panfilo Lacson said Bulacan is the “most notorious in terms of anomalies” in flood control works in the country.
So far, the case of the ₱92.8-million flood control project in Pandi, Bulacan, which was awarded in March 2025 but never implemented, has reached the Sandiganbayan.
The anti-graft court reset former Sen. Ramon Revilla Jr.’s arraignment to Feb. 9 due to pending motions, including requests to quash the information and arrest warrant. Revilla faces graft and non-bailable malversation charges over the Pandi project.
