PH can seek freeze of Amalilio accounts: envoy

Posted at 01/25/13 06:54 PM
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MANILA, Philippines - Philippine authorities can take advantage of anti-money laundering laws to freeze the accounts of Aman Future Group founder and head Manuel Amalilio in Malaysia, Philippine Ambassador to Malaysia Eduardo Malaya said Friday.

"We will do whatever is required or requested of us by the Department of Justice and prosecutors there.  The Philippines and Malaysia also have anti-money laundering laws so that can also be tapped by us," Malaya told ANC.

He added: "This apprehension of Amalilio and his return to the Philippines is a very, very good development and hopefully will lead to the return of the monies of our people in Mindanao."

Amalilio fled to Malaysia last year after the alleged P12 billion Aman Futures Ponzi scheme started to unravel.

He was arrested by the Malaysian royal police in Kota Kinabalu, Sabah this week.

Malaya said Amalilio is a holder of a Philippine passport and will be returned to the Philippines.

He said relatives of the victims of Aman Futures helped in the search for Amalilio.

"It is good that a lot of our people in Mindanao, including those victimized by the scam, have relatives in Sabah and these relatives helped out," he said.

ANC, January 25, 2013