CA freezes assets of expat drug suspects in many banks By Benjamin B. Pulta 07/26/2011

CA freezes assets of expat drug suspects in many banks

By Benjamin B. Pulta 07/26/2011

Access to funds in three dozens bank accounts under the names of four foreigners suspected of trafficking prohibited drugs in the country have been frozen by the Court of Appeals (CA) for six months.

In a five-page resolution, the CA through Associate Justice Jane Aurora Lantion extended from a period of 20 days to six months the effectivity of the freeze order until Nov. 7, 2011 against the accounts of Sally Ang Nina, Tian Gang Shi, Sarah Lee Jessica and Evelyn See Ting. Associate Justices Andres Reyes Jr. and Japar Dimaampao concurrred to the ruling.

“The motion for extension of effectivity of freeze order is hereby granted. The order covering all concerned banks is extended for a period of six months from July 11 or until Nov. 7, 2011,” the ruling stated.

The freeze order covered several bank accounts of Ang Nina in Metrobank, China Bank, Banco de Oro, Security Bank, Bank of the Philippine Islands, Rizal Commercial Banking Corp. and Malayan Insurance Co. Inc. The CA also recapped its order against Metrobank due to its failure to freeze the bank account of Ting..... MORE

Source:  The Daily Tribune


URL: http://www.tribuneonline.org/metro/20110726met1.html