Philippines appeals court freezes assets in corruption-linked contracts case
Philippine authorities are stepping up legal action tied to alleged corruption in government procurement, with the Court of Appeals ordering a freeze on assets linked to a lawmaker and a businessman. The order follows complaints brought through the Anti-Money Laundering Council, which says the case involves suspicious fund transfers and unusual banking activity around the awarding of contracts.
Highlights
- The Philippine Court of Appeals has frozen undisclosed assets of a lawmaker and a businessman linked to alleged corruption in government contracts after an Ombudsman complaint.
- Anti-Money Laundering Council investigators report suspicious fund transfers and unusual banking activity involving the businessman during the period of the contract awards.
- A civil forfeiture case targets additional assets and a holding company tied to another lawmaker accused of receiving kickbacks from infrastructure projects, indicating wider scrutiny of public works dealings.
Freeze order follows Ombudsman complaint
As reported by BusinessWorld, citing the Anti-Money Laundering Council, the Court of Appeals has frozen bank accounts and other assets belonging to a lawmaker and a businessman over alleged corruption involving government contracts.The AMLC does not identify the individuals and does not disclose the value of the assets covered by the order. Its freeze petition follows a complaint from the Office of the Ombudsman accusing the two of plunder, graft and corruption.
The businessman, who was then in office, allegedly awarded exclusive government contracts to companies linked to the lawmaker. The appellate court issues the order after finding probable cause that the lawmaker may have benefited financially from the alleged acts.
Broader anti-money laundering push
The AMLC says investigators find suspicious fund transfers and unusual banking activity involving the businessman around the time the contracts are awarded.The council also files a civil forfeiture case involving assets and a holding company linked to another lawmaker accused of receiving kickbacks from flood control and other infrastructure projects. The parallel action signals broader scrutiny of public works-related transactions and alleged proceeds from corruption.
We have previously detailed a Court of Appeal ruling on commission partner liability for a law firm’s outstanding debt.
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