Philippines Freezes Assets of 26 Individuals Involved in Alledged Anomalous Flood Control Projects

Philippine authorities have frozen 135 bank accounts and 27 insurance policies of 26 individuals involved in alleged anomalous government flood control projects in Bulacan. The move is part of a broader effort to combat corruption and money laundering in the country. According to the Anti-Money Laundering Council (AMLC), the assets were linked to persons and entities under investigation by the Senate Blue Ribbon Committee for suspected anomalies in government flood control projects.

Key Takeaways:

• The Philippine government has frozen 135 bank accounts and 27 insurance policies of 26 individuals involved in alleged anomalous flood control projects in Bulacan.
• The freeze order was granted by the Court of Appeals in response to a petition by the AMLC and is in effect for at least 30 days.
• The assets are linked to persons and entities under investigation by the Senate Blue Ribbon Committee for suspected anomalies in government flood control projects.
• The freeze order aims to prevent the disposal of assets and ensure that government efforts to combat corruption and money laundering are not thwarted.
• The Anti-Financial Account Scamming Act will be utilized to inquire into the accounts without the need for a court order.
• The Department of Public Works and Highways (DPWH) Secretary, Vince Dizon, has stated that those involved in the anomalies should be jailed and the money they took must be returned to government coffers.

Statistics:

• 135 bank accounts have been frozen.
• 27 insurance policies have been frozen.
• 30 days is the minimum duration of the freeze order.
• 26 individuals are involved in the alleged anomalous flood control projects.
• The Senate Blue Ribbon Committee is investigating suspected anomalies in government flood control projects.

Sources:

• "Philippines freezes assets of 26 individuals linked to anomalous flood control contracts" (Philippines News agency, 16 Sep 2025)