Out soon: Sandiganbayan set to decide on P1B forfeiture case vs. Marcoses
The Sandiganbayan 2nd Division is set to promulgate a civil case against former first lady and current Ilocos and current Ilocos Norte Representative Imelda Marcos concerning the forfeiture of over P1 billion in alleged ill-gotten wealth.
The anti-graft court has issued a resolution which denied the appeals of her co-defendants–Bienvenido Tantoco Sr., Bienvenido Tantoco Jr., estate of Gliceria Tantoco and Dominador Santiago—to suspend its decision.
The defendants sought the deferment of the decision of the case under Civil Case No. 0008 since there is a pending case under Civil Case No. 0142 which has similar issues.
“Their inconsistent opinion on the relationship of these two cases cannot be arbitrarily used by the defendants,” the court ruled.
The Presidential Commission on Good Government (PCGG) filed the forfeiture case in 1987 and sought to recover over P1 billion in alleged ill-gotten wealth including shares in stocks and real properties.
The court explained Civil Case No. 0142 challenges the validity of the PCGG’s sequestration of the assets of Tourist Duty Free Shops Inc. (TDFSI) and the freeze order against TDFSI’s bank accounts with Rizal Commercial Banking Corp. (RCBC) and Bank of America (BA).
On the other hand, Civil Case No. 0008 concerns the recovery of the assets from Marcoses and their co-defendants.
In its lawsuit, the PCGG also sought P50 billion in moral damages and P1 billion exemplary damages as well as temperate damages, nominal damages and other judicial costs which will be determined by the court.