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AMLC freezes 126 more luxury assets linked to flood control scandal
Business World Philippines
|November 06, 2025
DOZENS of high-value properties and luxury vehicles linked to individuals alleged to be behind the flood control controversy have been frozen as the Anti-Money Laundering Council (AMLC) secured its seventh freeze order on Wednesday.
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In a statement, the financial intelligence unit said the appellate court’s ruling marked a “significant escalation” in the ongoing probe into the anomalies in government flood control projects.
“The Anti-Money Laundering Council has tightened its grip on assets linked to the controversial flood control projects,” the AMLC said.
“It secured its seventh freeze order from the Court of Appeals in a move that adds dozens of high-value properties and luxury vehicles to the growing list of frozen assets,” it added.
This story is from the November 06, 2025 edition of Business World Philippines.
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