Politics9/16/2025โ€ขBloomberg

Philippines to Freeze 135 Bank Accounts in Graft Crackdown

Philippines to Freeze 135 Bank Accounts in Graft Crackdown

The Philippine court has ordered the freezing of 135 bank accounts linked to alleged corruption in flood control projects. This move is part of President Ferdinand Marcos Jr.'s crackdown on graft and corruption, particularly in infrastructure projects. The court's decision aims to prevent the dissipation of funds and facilitate investigations into the alleged fraudulent activities. The president has emphasized his commitment to addressing corruption, which has long been a significant concern in the country. The freeze order on the bank accounts is seen as a step towards holding those responsible for the misuse of public funds accountable and restoring public trust in the government's infrastructure programs.

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