Philippines Freezes $200m in Assets Linked to Flood Graft

Philippines freezes $200m in assets linked to flood graft

MANILA - The Philippine government has frozen more assets allegedly linked to graft-ridden flood control projects, raising the total to 12 billion pesos ($204 million), President Ferdinand Marcos Jr said on Wednesday.

AMLC secures more freeze orders on P3.9-B asset of gov’t officials in flood control mess

The Anti-Money Laundering Council (AMLC) on Wednesday announced that it secured additional freeze orders for the P3.9 billion assets of a high-ranking official from an independent constitutional body and a former official over anomalous flood control projects.

Philippines freezes 12 billion pesos worth of assets in graft probe

Marcos steps up efforts to hold to account those tied to the multibillion-dollar flood-control graft

AMLC ISSUES FREEZE ORDERS ON ASSETS OF GOV’T EXECS

The AMLC expands its investigation into the anomalies concerning the flood control projects. On 25 November 2025, it secured two (2) Freeze Orders against the assets of an incumbent high-ranking official from an independent constitutional body and a former elected government official. The assets were determined to be linked to violations of Republic Act No. 3019,otherwise known as the “Anti-Graft and Corrupt Practices Act,” as well as “Malversat…