Malacanang freezes assets of 7 companies being probed by House quad committee

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Pogos News

Anti-Money Laundering Council,Malacañang,Organized Crime

Among the companies whose assets were freezed include raided POGO firm Lucky South 99, and Whirlwind, the real estate company that leased its land to Lucky South

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Based on the memorandum signed by Executive Secretary and Presidential Anti-Organized Crime Commission chair Lucas Bersamin on October 22, released to the media on Monday, October 28, the seven firms are as follows: Empire 999 Realty Corporation – linked to the seized 560 kilograms of smuggled narcotics worth P3.6 billion that arrived at Subic Port in September 2023

Yatai Industrial Park Incorporated – flagged for operating a human trafficking and cyber fraud network, owned by She Zhijiang, a convicted tycoon in China“Pursuant to the ongoing inquiry, in aid of legislation being conducted by the House of Representatives joint committees on illegal activities linked to illegal POGOs, the AMLC is hereby directed, subject to existing laws, rules and regulations, to apply with the appropriate court for the issuance of a freeze order or provisional asset...

 

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