Acting on the petition of the Anti-Money Laundering Council (AMLC), the Court of Appeals issued a freeze order last week on the bank accounts of several officials from the Department of Public Works and Highways (DPWH) and executives of construction companies.
These individuals are allegedly involved in anomalous flood control projects, which prompted the AMLC to take swift action.
The AMLC admitted that, ahead of further investigations, freezing the accounts was necessary to prevent the dissipation of potential evidence and ensure the integrity of the case.
https://business.inquirer.net/548477/challenges-of-money-muling-probes