Freeze order on Alice Guo assets extended until Jan. 2025 — solon

The Court of Appeals (CA) has extended its freeze order on the bank accounts and assets of dismissed Bamban, Tarlac Mayor Alice Guo until January 10, 2025, according to AKO BICOL Party-list Rep Raul Bongalon, the budget sponsor of the Anti-Money Laundering Council (AMLC).

“We have 13 transfer certificates of titles owned by Alice Guo with a total appraisal value of P464,986,600 and the freeze order has been extended until January 10, 2025,” Bongalon said during the interpellations for the 2025 proposed budget of AMLC.

The CA ordered the freezing of Guo’s assets and two others for their alleged involvement in the illegal Philippine Offshore Gaming Operation.

AMLC said the freeze order was released "to prevent the dissipation of assets while the investigation and legal proceedings continue.”

The council said the freeze order covers 90 bank accounts in 14 financial institutions, several real estate properties, and high-value personal properties like luxury vehicles and a helicopter.

Bongalon said Guo’s bank accounts included in the freeze order contains P199,770,087.

Her real properties are valued at P478,308,158 while her vehicles amounted to P76,388,200.

“Nakakalungkot sabihin sapagkat nagsimula yung kontrobersya na kinakaharap ni Mayor Alice, there were already attempts of disposing of the properties. In fact, may mga na withdraw na po sa mga bank accounts. Yung mga property ay binebenta ng mababang halaga,” Bongalon said.

(Unfortunately, since the controversy surrounding Mayor Alice started. there were already attempts to dispose of the properties. In fact there were some withdrawals in the bank accounts while her properties were being sold at low prices.)

“But of course the efforts of looking for the freezing of the account are still ongoing,” he added.

Guo is facing money laundering complaints, which has a penalty of seven to 14 years of imprisonment.

The Senate also ordered the issuance of subpoenas to compel Guo to provide records of check disbursements of around P1.1 billion from her account.—RF, GMA Integrated News