Country of Origin
Philippines
Country of Asset Location
United States
Disposition of Criminal Case(s)
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of origin (Philippines).
There was an ongoing investigation/prosecution related to this case in the country of asset location (United States).
The outcome was that the case in the Philippines has been concluded, with adjudication in favor of the Republic. In June 2016, USDOJ filed an Application to Register Foreign Judgment before the U.S. District Court for the District of Columbia. This is still pending.
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of asset location
Non-conviction based confiscation (NCB)
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Notes
The asset amount frozen/seized was $42 million USD at the time the request for assistance was submitted.
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
42,000,000.00 USD
Assets frozen/seized (USD equivalent)
$42,000,000.00
Asset Type at Time of Freeze/Seizure
Securities
Date and Country of Case Submission
January 1, 2020
Philippines
Data Source
Official information provided by country authorities