MANILA – The Anti-Money Laundering Council (AMLC) has frozen an estimated P5 billion in assets in connection with the alleged flood control anomalies, the Independent Commission for Infrastructure (ICI) said Thursday.

ICI Executive Director Brian Keith Hosaka announced the development during a press conference following the commission’s meeting with the AMLC and other government agencies to coordinate efforts in recovering assets allegedly stolen through anomalous infrastructure projects.

Hosaka said the frozen assets comprise about 2,800 accounts. However, he noted that there is no available data yet on the number of individuals linked to these accounts.

When asked about the target amount of assets the government aims to recover, Hosaka said it remains uncertain at this stage.

“What we want to take back, we can’t say because it’s a moving target right now,” he said.

Earlier Thursday, the ICI met with representatives from 18 government agencies to discuss the asset-freezing efforts. These include the Anti-Money Laundering Council (AMLC), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Civil Aviation Authority of the Philippines (CAAP), Civil Service Commission (CSC), Commission on Audit (COA), Cybercrime Investigation and Coordinating Center (CICC), Department of Justice (DOJ), Department of Public Works and Highways (DPWH), Insurance Commission (IC), Land Registration Authority (LRA), Land Transportation Office (LTO), Maritime Industry Authority (MARINA), National Bureau of Investigation (NBI), Office of the Solicitor General (OSG), Philippine Competition Commission (PCC), Presidential Commission on Good Government (PCGG), and Securities and Exchange Commission (SEC).

Hosaka said the agencies committed to cooperate with the ICI and use their respective expertise to recover public funds allegedly lost to corruption in anomalous infrastructure projects.