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CA freezes P200M worth of Aman Futures accounts, Amlac tells House

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The Court of Appeals building in Ermita, Manila. CONTRIBUTED PHOTO/COURT OF APPEALS WEBSITE

MANILA, Philippines—The Anti-Money Laundering Council (Amlac) on Tuesday told the House committee on banks and financial intermediaries that the Court of Appeals has frozen P200 million out of Aman Futures’ bank accounts.

Amlac executive director Vicente Aquino said the CA issued on Monday a freeze order on Aman Futures accounts worth P200 million both in local and foreign currency during the panel’s inquiry into the P12-billion investment scam that duped around 15,000 people in Visayas and Mindanao.

He said the accounts were found in 25 banks and one insurance company, adding that they have been monitoring accounts of the subject which has drawn up red flags due to suspicious transactions.

He pointed out that the Amlac alone could not freeze the accounts on the basis of red flags on suspicious transactions but assured the panel that their inquiry into Aman Futures’ accounts were ongoing.

Aquino said they were waiting for the cooperation of more financial institutions in tracking down Aman Futures accounts, adding the P200 million in frozen accounts would increase as their inquiry continues.

Another revelation during the panel’s investigation on the issue was that Manuel Amalilio, the brains behind the scam, was a local and not Malaysian.

“He is not a Malaysian. He has a Philippine passport and was born in Tarlac. For all intents and purposes, he is a Filipino,” said NBI director Nonatus Rojas.

Virgilio Mendez, NBI deputy director for regional operations services, said that the Malaysian embassy has also offered them assistance in locating Amalilio who was said to be in Kota Kinabalu.

Meanwhile, officials from the Securities and Exchange Commission and the National Bureau of Investigation were scolded by legislators for being more “reactive” than proactive in their investigation on the investment scam.

Cagayan de Oro Representative Rufus Rodriguez, who co-authored House Resolution 2890 which sought an investigation into the scam, scolded the SEC whom he described to have “natutulog sa pansitan” during Aman Futures’ operations.

“We do not feel the SEC’s presence in Mindanao. You have to be proactive. You have been reactive,” he said.


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Tags: Aman Futures , Amlac , Anti-Money Laundering Council , Court of Appeals , House of Representatives , investment scam


  • jaygibi

    kababayan pala ni abnoy si amalilio.. 

  • tukmoldinako

    sabi noon siya ay Malaysian pero tarlac pala, e di wala din sya sa Malaysia, nasa Thailand yan lol, mahuhuli din yan, pero kung titingnan mo ang mga kwento lumabas daw ng bansa, kung di kaya ng immigration i trace , matalino talaga, may ibang pangalang ginamit, kaya yung mga na iscam na mga taga mindanao, sigurado ko naloko na naman tayo sa sinabi nyang ibabalik ang pero nyo in three months time, he he he

  • w4d

    LOL…With about P12B he has potentially stolen, the main suspect can transform into a Malaysian, Korean, Japanese, or Tarlaceno and play Leonardo diCaprio in Catch Me If You Can. The freezing of a measly P200M change could probably his doing as his new CA judge disguise.

  • http://profile.yahoo.com/DAYFHNZSL6D5PC7JNUSACQIIGE AJ

    taga tarlac pala si aman..baka kabitbahay ni pnoy yan… mahuli sana sya para makabyad sya.. 

  • http://pulse.yahoo.com/_2JVSEXTMANAEZGLOSZGWJYW67Q Jess

    Too late the freezing of the accounts. The majority of the money is already gone. Akala ko maraming magagaling sa gobyerno natin. Bakit madaling maisahan ng isang taong gaya kay Manuel A.?

  • disqusted0fu

    whatever they say, the damage has already been done and the mastermind got away. if authorities werent noynoying and they acted on this immediately after getting a heads up, then they could have prevented this big time scam from happening! but they had to see it happen first before doing something about it! whats going to happen to the victims now and their money? and the mastermind? and the rest who are involved?



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