Wednesday, July 30, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

Marcos' mansion ordered returned

By Associated Press


MANILA, Philippines » Former Philippine first lady Imelda Marcos said yesterday that she will have a merry Christmas thanks to a court ordering the return of one of the sprawling mansions the government seized after her husband was deposed.

The Supreme Court ruled late Monday that the government agency created to recover billions of dollars allegedly looted by former dictator Ferdinand Marcos and his wife used a defective order to seize the beachfront, 104-acre estate on Leyte Island.

The ruling came 24 years after a nonviolent "people power" uprising ousted Marcos and the government sequestered most of their property. Imelda Marcos and her children are seeking the return of the assets.

Officials allege the sprawling property was acquired through Marcos' looting of public money while in power. Imelda Marcos has long denied the allegation, saying the mansion is a family property where her father was born.

Imelda Marcos will forever be remembered for the dazzling jewels and 1,220 pairs of shoes she left behind in the presidential palace. They also are among the assets seized by the government and sought by the Marcoses.

Marcos and his associates allegedly amassed up to $10 billion in ill-gotten wealth during his 21 years in power. The Presidential Commission on Good Government has so far identified around $6.5 billion and recovered cash and assets totaling around $1.97 billion.

Marcos, who declared martial law in 1972, ruled with an iron fist, imprisoning dissidents and stifling freedoms. He died in exile in Hawaii in 1989 without being brought to trial.

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
Latest News/Updates
Deedy back on the stand  - 08:51 a.m.