P1B Ampatuan assets frozen

The Court of Appeals (CA) yesterday issued a 20-day freeze order on P1 billion in assets of the Ampatuan clan based on a petition filed by the Anti-Money Laundering Council (AMLC).

In a 23-page ruling penned by Associate Justice Celia Librea-Leagogo, the CA Special Second Division said the freeze order includes the assets of the Ampatuans in several government agencies, banking institutions and other entities believed to have been used in their amassing what it said was their ill-gotten wealth.

“We agree with petitioner that probable cause exists that the subject bank accounts and other described properties of the respondents in the petition are related to unlawful activities; and that unless frozen, the funds in the subject accounts will certainly be withdrawn and the other identified properties disposed of, thereby placing them beyond the reach of the law,” said the order.

Read more at Malaya

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