Already Recovered? Forfeiture Case Versus Marcoses’ Assets Junked
The PCGG said it would no longer present evidence on the remaining listed assets in Civil Case 0141, saying most of the properties had already been recovered through other civil actions.
The Sandiganbayan has dismissed the forfeiture case concerning the remaining assets of the Marcos family that had been pending for over 30 years.
In a resolution penned by Associate Justice Bayani Jacinto, the anti-graft court’s Special Division terminated the civil case after the Presidential Commission on Good Government (PCGG) said it would no longer present evidence on the remaining listed assets in Civil Case 0141, saying most of the properties had already been recovered through other civil actions.
“In view of petitioner’s manifestation and the absence of evidence concerning the remaining properties, the proceedings in this case, insofar as they relate to properties not covered by the four partial summary judgments, are now terminated,” the resolution read.
The partial summary judgments against the Marcoses issued earlier had ordered the forfeiture of $658 million in Swiss deposits, the $3.37-million Arelma accounts, the Malacañang jewelry collection and the proceeds of the sale of paintings and artworks worth $17 million.
Civil Case 0141, which was filed in 1991, had identified 18 sets of assets for forfeiture as alleged ill-gotten wealth, as it alleged that the Marcoses held bank deposits in Luxembourg, Hong Kong, the Cayman Islands and the United States, as well as shares of stock in various companies and other properties.
The PCGG had asked the Sandiganbayan to defer proceedings because of a pending Supreme Court case concerning one of the partial summary judgments.
It also said it would be premature to proceed because the government has yet to complete its investigation on the remaining properties.
