Manila: The Court of Appeals (CA) has issued another freeze order on approximately 1,193 bank accounts belonging to a member of the House of Representatives, as well as accounts linked to major contractors allegedly involved in anomalous flood control projects. This action is part of an ongoing investigation into potential irregularities within the flood control sector.

According to Philippines News Agency, the Anti-Money Laundering Council (AMLC) announced the freeze order, citing continued scrutiny into the issue. The CA identified the assets of the individual and entities concerned as potentially linked to violations of Republic Act No. 3019, also known as the 'Anti-Graft and Corrupt Practices Act.'

Executive Director Matthew David emphasized the AMLC's dedication to fulfilling its mandate, expressing commitment to advancing the investigation despite the busy holiday season. To date, the CA has issued freeze orders on 6,538 bank accounts related to the ongoing investigation into the questioned infrastructure program.

In addition to bank accounts, the CA has also frozen 367 insurance policies, 255 motor vehicles, 178 real properties, 16 e-wallet accounts, and three securities accounts. The total value of these assets is approximately PHP20.3 billion.

The AMLC indicated that this figure is expected to rise as further investigations are conducted into the bank accounts affected by the latest freeze order.