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bank_accounts_frozen English News Blog for  Philippines News Blog July Archive 

70 fertilizer fund scam bank accounts frozen

By Website Introductions at 07/11/08 10:22

At least 70 bank accounts named after former agriculture undersecretary Jocelyn "Joc-Joc" Bolante and other related identities will be frozen, as issued by a Court of Appeal order.

The Court granted the petition of the Anti-Money Laundering Council after the latter raised the possibility that the proceeds of the 720-million fertilizer fund scam were deposited in those accounts.

It can be remembered that Bolante was accused of moving her department's funds for the President's campaign fund last 2004.

News: GMANews.TV - Court of Appeals issues freeze order vs Bolante accounts - Nation - Official Website of GMA News and Public Affairs - Latest Philippine News - BETA