The Anti-Money Laundering Council (AMLAC) has reported freezing around P5.2 billion worth of cash and properties in connection with the ongoing investigation into alleged corruption involving flood control projects.

According to AMLaC Executive Director Matthew David, the move was made in close coordination with Public Works Secretary Vince Dizon, who has vowed full transparency and cooperation in purging irregularities within the Department of Public Works and Highways (DPWH). 

“Together with the DPWH, we will ensure that any corruption leaving traces of money or property will be thoroughly investigated. These traces will lead to accountability and justice for the Filipino people,” David said in Filipino.

David said the frozen assets include both personal and real properties, while the investigation continues on other assets covered by pre-freeze orders.

Included in the ongoing probe are several government officials, contractors, and their alleged cohorts involved in the anomalies.

In coordination with the Court of Appeals, AMLAC is conducting bank inquiries into more than 2,000 bank accounts linked to individuals under investigation.