The Independent Commission for Infrastructure (ICI), with the help of various government agencies, is now eyeing the forfeiture of at least P5 billion worth of assets contained in 2,800 bank accounts frozen by the Anti-Money Laundering Council (AMLC).
The move is part of a whole-of-government initiative aimed at bringing faster ‘restitution’ amid the ongoing probe into anomalous infrastructure projects. ICI executive director Brian Keith Hosaka admitted that criminal charges may take time, given the need for due process.
‘Each agency will be helping each other on how we can recover the assets that are in possession of people who might be responsible for these anomalous flood control projects or infrastructure projects,’ he said in a press briefing on Thursday.
‘You heard what Chairman Andy Reyes said in the morning, that ‘justice will be served or can be served better if there is restitution,’ meaning public funds will be returned,’ he added.
Hosaka shared that at least 16 government agencies had met on Thursday to form a technical working group that will ‘exchange ideas’ on how to quickly recover assets that came from stolen public funds.
READ: AMLC freezes P5B assets from flood control mess – Hosaka
‘How much do we want to recover? We can’t say for now, because it’s a moving target. What I can share with you is a rough estimate, according to AMLC, that the amount of frozen accounts would be roughly around P5 billion, comprising around 2,800 accounts,’ he said. According to Hosaka, the forfeiture will be part of ‘civilian and administrative remedies’ and will be filed separately from any possible criminal charges against corrupt officials.
‘On broad strokes, I was discussing this with the Solicitor General [Darlene Berberabe] and she said that there’s going to be an application before the Court of Appeals. As the forfeiture proceedings or application are being heard . these assets will remain frozen,’ he explained.
‘This is administrative and civil remedies, which in a way is shorter, because as I said earlier, it will not be going through the more thorough process of judicial proceedings,’ he said.
On top of this, Hosaka said the Bureau of Customs (BOC) will be auctioning off 13 luxury cars that it confiscated from the contractor couple, Pacifico ‘Curlee’ and Cezarah ‘Sarah’ Discaya, in the coming weeks. ‘Earlier, Commissioner Ariel Nepomuceno shared to us that the 13 luxury cars with them, they found that there were some missing documents, which now gives them the right to auction these off,’ he said.
‘So, in a couple of weeks, according to Commissioner Nepomuceno, they are just going through the process of approvals from the DOF (Department of Finance). so in that case, there will be an immediate recovery,’ Hosaka added.
Aside from these luxury cars, Hosaka said the ICI will also be studying the recovery of other assets, but admitted that ‘definitely, there’s going to be a challenge on that because these people might not have actually put their names in those titles.’
The ICI will also be checking the documents of the luxury cars surrendered by former Department of Public Works and Highways engineer Brice Hernandez before deciding if these can be auctioned off as well, Hosaka said.
Among the agencies present during the meeting on Thursday were the AMLC, BOC, Bureau of Internal Revenue, Civil Aviation Authority of the Philippines, Commission on Audit, Cybercrime Investigation and Coordinating Center and Department of Justice. Also present were the Department of Public Works and Highways, Insurance Commission, Land Registration Authority, Land Transportation Office, Maritime Industry Authority, Office of the Solicitor General, Philippine Competition Commission, Securities and Exchange Commission, and the Philippine National Police.