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Philippine court dismisses case seeking $3.9 bln of Marcos wealth

Published 12/16/2019, 06:11 PM
Updated 12/16/2019, 06:16 PM
Philippine court dismisses case seeking $3.9 bln of Marcos wealth

MANILA, Dec 16 (Reuters) - A Philippine court threw out a
high-profile, 32-year-old forfeiture case on Monday involving
the family of late dictator Ferdinand Marcos, citing
insufficient evidence to order the return of $3.9 billion of
allegedly ill-gotten wealth.
The country's anti-graft court decided in favour of the
Marcoses for the fourth time since August, with judges ruling
that photocopied documents could not be used as evidence, so the
case would not proceed.
It has been referred to widely as the "mother" of cases in a
three-decade effort by a special presidential panel to recover
an estimated $10 billion allegedly siphoned off by Marcos and a
family that had lived lavishly during his 20 years in power, 14
of which were ruled under martial law.
The case lodged by the Presidential Commission on Good
Government had sought the return of 200 billion pesos ($3.93
billion) it said was tied up in equities, numerous local and
foreign banks and real estate at home and in the United States
and United Kingdom.
It also included the value of 177 paintings and 42 crates of
jewellery worth nearly $9 million.
In a 58-page verdict, the court "acknowledged the atrocities
committed during martial law under the Marcos regime and the
'plunder' committed on the country's resources".
"However, absent sufficient evidence that may lead to the
conclusion that the subject properties were indeed ill-gotten
wealth, the court cannot simply order the return of the same to
the national treasury."
The same court dismissed similar cases against the family in
August, September and October, all for lack of evidence.
Despite being overthrown in a 1986 revolt and driven into
exile, the Marcos family remain a powerful force in the
Philippines, with loyalists throughout the bureaucracy and
political and business elite.
The late leader's wife Imelda was a four-term congresswoman,
daughter Imee is currently a senator, as was son and namesake
Ferdinand Marcos Jr, who has been tipped as a possible candidate
for the presidency in 2022. A relative is the current Philippine
ambassador to the United States.
The family has a powerful ally too in President Rodrigo
Duterte, who has spoken well of the former dictator, backed
Imee's senate run and expressed a desire for Marcos Jr to have
been his vice president.

($1 = 50.9100 Philippine pesos)

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