MFT Group accounts stay frozen

By Earl John Alfaro

Jun 12, 2024 12:35 am

THE Court of Appeals (CA) has extended the freeze order on the bank, investment and insurance accounts of the Maria Francesca Tan (MFT) Group of Companies Inc. for a further six months to November this year to safeguard public interest.

The MFT Group's accounts were first ordered frozen by the CA on May 13 after it granted the Anti-Money Laundering Council's (AMLC) petition to block the MFT group's access to its accounts.

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