Quantcast

Wednesday, July 23, 2014         

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

Imelda Marcos ordered to repay stolen cash

By Associated Press

POSTED:
LAST UPDATED: 10:34 a.m. HST, Apr 11, 2011


 

 

A Philippine court has ordered the widow of former dictator Ferdinand Marcos to return $280,000 that her husband pocketed from the government's food agency in 1983, an official said Monday.

The amount might be minuscule compared with the estimated $10 billion Marcos and his associates allegedly amassed during his 21 years in power, but the case marked a rare legal victory in efforts to reclaim at least some of the ill-gotten wealth.

The Presidential Commission on Good Government, which was formed after Marcos was ousted in 1986 with the task of tracking down the stolen money, has so far identified about $6.5 billion and recovered cash and assets totaling $1.97 billion.

An anti-graft court made the ruling Friday and gave Imelda Marcos 30 days to pay or, if she is unable to do so, provide a list of properties and assets to cover it, said court clerk Teresa Pabu­la­yan.

The conviction was based on testimony by former National Food Administrator Jesus Tan­chanco, who said that Ferdinand Marcos instructed him by phone in 1983 to transfer the money to his private account.

Tanchanco was granted immunity from prosecution in 1988 in exchange for his testimony.

Imelda Marcos, 81, who was elected to the House of Representatives last May, did not comment, although Pabu­la­yan said she was notified of the court's decision seven months ago and filed an appeal. The appeal was later dropped, and the court announced its final ruling Friday.







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

COMMENTS
(0)
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.
IN OTHER NEWS
Breaking News