Eric Yap and Edvic Yap didn’t immediately respond to requests for comment. Eric Yap has earlier denied any involvement in alleged kickbacks on the government’s flood mitigation projects. Among the latest assets frozen were 280 bank accounts, 22 insurance policies, three securities accounts and eight aircraft.
“We need these freeze orders so that these assets can’t be sold and that every peso that’s allegedly stolen can be returned to the public,” Marcos said. He didn’t give details on the assets.
The Southeast Asian nation has been freezing assets of individuals and companies linked to a monthslong graft scandal in projects meant to manage flooding in one of the world’s most typhoon-hit countries.
So far, the government has frozen 13 billion pesos (US$220 million or $290 million) worth of assets, including 4,679 bank accounts, 283 insurance policies, 255 motor vehicles, 178 real estate properties, 16 e-wallet accounts, and three securities accounts.
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