AMLC Secures Freeze Order on Lawmaker's Assets Amid Graft Allegations
The Anti-Money Laundering Council (AMLC) in the Philippines has obtained a court order to freeze 55 bank accounts and four insurance policies linked to an unnamed lawmaker suspected of violating the Anti-Graft and Corrupt Practices Act. The legislator reportedly continued to receive proceeds from his business while in public office, despite claims of divestment.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Supreme Court dismisses Romualdez bid to stop Ombudsman probe
The Philippine Supreme Court has dismissed the petition of former House Speaker Martin Romualdez seeking to halt the Ombudsman's preliminary investigation into his plunder case. The court deemed the petition moot as criminal charges have already been filed and Romualdez pleaded not guilty. He is currently detained over a P7.44 billion flood control project corruption case.
- Unilab Tops Philippine Firms in TIME's Asia-Pacific Best Employers List
Pharmaceutical giant Unilab led a strong showing of Philippine companies in TIME magazine's inaugural ranking of Asia-Pacific's Best Employers. Other notable Filipino firms like Ayala Corp. and Metropolitan Bank also made the list, highlighting the quality of their work environments based on employee satisfaction surveys.
- Philippine Airlines Posts Net Loss in 9 Months Due to Soaring Fuel Costs
Philippine Airlines (PAL) incurred a net loss of $159 million in the first nine months of the year, a reversal from a profit in the same period last year, largely due to a significant increase in fuel expenses driven by Middle East tensions. Despite the loss, revenues saw a 4% year-on-year increase.
- 8 DPWH Execs Suspended Over Unfinished Surigao Norte Flood Control Project
The Office of the Ombudsman has suspended eight Department of Public Works and Highways (DPWH) officials over a flood control project in Surigao del Norte, where full payments were allegedly made for incomplete work. The anti-graft body issued a six-page order against seven engineers and one accountant.