MANILA, Philippines (UPDATE) - The Court of Appeals (CA) has extended for 6 months the 20-day freeze order it handed down on the bank accounts of officers of Aman Futures Group Philippines.
The appellate court's Fourth Division granted the extension sought by the Anti-Money Laundering Council (AMLC) after Monday's hearing solely intended to "determine whether or not the instant freeze order shall be modified, lifted or extended."
The freeze order covers the bank accounts of respondents Manuel Amalilio, Aman Futures Group Phils., Inc, Aman Future Trading, Aman Air, Inc., Lurix Bitoon Lopez, Lelian Lim Gan, Uni Gen Future Exchange Marketing, Eduard Lecaros Lim, William L. Fuentes, Naezelle M. Rodriguez, Fernando Roda Luna, Fretz & Sha Trading, Rioklyn P. Toledo, Jerome John D. Valera, Jerome B. Sanchez, Nino Jorino D. Ledesma, Rico Crisostomo Medina, Jr., Diosdado Manolo Yap Dybongco, Michelle Gaceta, Nimfa Caballero Luna, and Asaza Auto Center.
The banks covered by the order are: Allied Banking Corp., Banco De Oro Unibank, Inc., Bank of Commerce, Bank of the Philippine Islands, BPI Family Savings Bank, China Banking Corp., Citibank N.A., Development Bank of the Philippines, East West Banking Corp., Hong Kong and Shanghai Banking Corp., Land Bank of the Philippines, Maybank Phils., Inc., Metrobank Card Corp., Metrobank and Trust Company, One Network Bank, Inc., Orix Metro Leasing and Finance Co., Philippine Bank of Communication, Philippine Savings Bank, RCBC Savings Bank, Rizal Commercial Banking Corp., Security Bank Corp., Standard Chartered Bank, Union Bank of the Phils. And United Coconut Planters Bank, Philippine National Bank, and BPI Philam Life Assurance Corp.
The AMLC petitioned for the issuance of a freeze after it established probable cause that “the acts of respondent Amalilio and his co-horts in defrauding and misappropriating funds solicited from the general public constituted syndicated estafa.”
The AMLC’s move was in response to a formal request from the National Bureau of Investigation (NBI) for all pertinent data on the bank accounts of respondents.
The original order was issued on November 20, which is supposed to expire December 10.