Tuesday 23 July
Nov 12, 2018 @ 18:26

Di pa tapos: After graft conviction, court to rule on P200B civil case vs Imelda

 

This November has a lot in store for the Marcoses.

The Sandiganbayan Fifth Division surprised many after handing down a maximum 77-year sentence on Former First Lady now Ilocos Norte Rep. Imelda Marcos, whom they found guilty for seven counts of graft.

In a decision, the court found that Marcos misused her Cabinet position during her husband dictator Ferdinand Marcos’ reign as president by channeling public funds to private organizations she created in Switzerland, worth around $200 million.

Now, the Sandiganbayan Fourth Division is also set to decide on a separate civil case against Marcos, this time over P200 billion worth of ill-gotten wealth which they supposedly stole from public coffers.

On top of this, Ombudsman lawyers are asking for P250 million as damages sought for the recovery of stolen assets, if proven so.

Stay tuned!

Please follow and like us:
error

Tags: , , , , ,

Related Stories
The Sandiganbayan on Tuesday issued an arrest warrant against former First Lady and now Ilocos
As if businessman Roberto V. Ongpin?s woes were not enough, the Securities and Exchange Commission
China's state-owned BAIC has taken a 5 percent stake in Daimler, whose top shareholder for
Global trade tensions may have sapped growth for many firms, but luxury handbag maker Hermes


 

Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.