THE Court of Appeals has issued a freeze order on the assets of suspended Bamban, Tarlac Mayor Alice Leal Guo and other individuals and entities after finding probable cause that they are related to unlawful activity and/or money laundering pursuant to Republic Act 9160 or the Anti-Money Laundering Act...
THE Court of Appeals has issued a freeze order on the assets of suspended Bamban, Tarlac Mayor Alice Leal Guo and other individuals and entities after finding probable cause that they are related to unlawful activity and/or money laundering pursuant to Republic Act 9160 or the Anti-Money Laundering Act of 2001.
The move was intended to prevent the dissipation of assets while the investigation and legal proceedings continue. Guo along with Bamban’s Business Permit and Licensing Officer Edwin Ocampo and Municipal Legal Officer Adenn Sigua have been placed under preventive suspension pending their investigation.
All these actions came following extensive investigation and joint operations led by the PAOCC and the Philippine National Police-Criminal Investigation and Detection Group on POGO hubs in Bamban. Aside from Guo, the individuals covered by the freeze order are Zhiyang Huang, and Baoying Lin.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bamban Mayor Alice Guo, 17 others now on immigration lookoutAn immigration lookout is used for monitoring purposes only, and is not 'a sufficient prohibition for a subject’s departure from the Philippines'
Read more »
Ombudsman affirms Bamban Mayor Alice Guo’s suspensionThe Ombudsman says it did not find compelling reason to reconsider and lift the preventive suspension order against Mayor Alice Guo and two other Bamban officials
Read more »
Bamban, Tarlac Mayor Alice Guo removed from NPCLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
PAOCC: Enough evidence to charge, arrest Bamban Mayor Alice Guo as illegal POGO enablerLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
FACT CHECK: No guilty verdict against Bamban Mayor Alice GuoThe suspended mayor is facing investigations over her supposed links to illegal Chinese gambling operations, but no guilty verdict has been issued against her
Read more »
Court of Appeals freezes Bamban Mayor Alice Guo’s assetsAside from Alice Guo, the court also freezes the assets of Zhiyang Huang and Baoying Lin, who are linked to the raided illegal POGO hub in Bamban, Tarlac
Read more »