The Anti-Money Laundering Council of the Philippines has secured a court-issued freeze order covering more than 100 financial accounts and other assets tied to a lawmaker, along with multiple individuals and entities. The case involves alleged corruption, plunder, and irregularities linked to flood control projects. Assets covered by the order include 86 bank accounts, four investment accounts, one insurance policy, and 25 virtual asset wallets. The council said the funds moved through multiple virtual asset service providers and several virtual asset wallets, making them harder to trace. It did not disclose the identity of the lawmaker or the other parties involved.
Odaily said the Anti-Money Laundering Council of the Philippines secured a court freeze order covering more than 100 financial accounts and other assets tied to a lawmaker, along with several individuals and entities.
The case centers on alleged corruption, plunder, and irregularities tied to flood control projects. The freeze order applies to 86 bank accounts, four investment accounts, one insurance policy, and 25 virtual asset wallets.
The council said the funds passed through multiple virtual asset service providers and several virtual asset wallets, making them harder to trace. But it did not reveal the identity of the lawmaker or any of the other parties involved.
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