MANILA—The Philippine National Police and the Anti-Money Laundering Council have implemented the Court of Appeals' freeze order on the assets of an allegedly "high-value" drug suspect arrested in Cebu, police said Friday.
One of the properties, located in Barangay Cubacub, Mandaue City, was where authorities conducted a buy-bust operation on February 9, 2019, where the suspect was arrested, the police said. This, the police said, "bolstered suspicion" that Fortuna had used banking in "laundering proceeds" to sell illegal drugs.
The police and the council inked a memorandum of agreement boosting government efforts against money laundering.
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