The Anti-Money Laundering Council (AMLC) has frozen an estimated P5 billion in assets with regard to the flood control anomalies, according to Independent Commission for Infrastructure (ICI) executive director Brian Keith Hosaka.
Hosaka said this in a press conference on Thursday after the ICI met with the AMLC and other government agencies in connection with the bid to recover stolen assets from allegedly anomalous infrastructure projectsAccording to Hosaka, the AMLC shared during their meeting that the P5 billion in frozen assets is comprised of approximately 2,800 accounts.
Hosaka, meanwhile, said he does not have any data yet on the number of people linked to the frozen assets.
When asked about the target amount of assets that the government would freeze in connection to the flood control anomalies, the ICI executive director said, ‘What we want to take back, we can’t say because it’s a moving target right now.’
This Thursday morning, the ICI met with officials from 18 government agencies in connection with its bid to freeze assets. These are as follows:
Anti-Money Laundering Council (AMLC)
Bureau of Customs (BOC)
Bureau of Internal Revenue (BIR)
Civil Aviation Authority of the Philippines (CAAP)
Civil Service Commission (CSC)
Commission on Audit (COA)
Cybercrime Investigation and Coordinating Center (CICC)
Department of Justice (DOJ)
Department of Public Works and Highways (DPWH)
Insurance Commission (IC)
Land Registration Authority (LRA)
Land Transportation Office (LTO)
Maritime Industry Authority (MARINA)
National Bureau of Investigation (NBI)
Office of the Solicitor General (OSG)
Philippine Competition Commission (PCC)
Presidential Commission on Good Government (PCGG)
Securities and Exchange Commission (SEC)
The representatives of the government agencies assured the ICI that they will cooperate and use their expertise in retrieving the money of the Filipino people from allegedly being lost to corruption due to anomalous infrastructure project.