The Philippines’ anti-graft court has junked an ill-gotten wealth case against business associates of the late dictator Ferdinand E. Marcos, Sr. and his wife Imelda due to lack of evidence. READ:
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“The totality of the evidence against the defendants failed to show the alleged schemes and strategies employed by herein defendant to hide the supposed ill-gotten wealth,” according to the ruling written by Associate Justice Maria Theresa VB. Mendoza-Arcega. The court said the Presidential Commission on Good Government relied on a 1987 affidavit from Roland Gapud, a former financial advisor of Mr. Marcos, which it deemed unreliable since he did not testify in court.“It is true that the recovery of ill-gotten wealth should be relentlessly pursued,” the court said. “But the pursuit should not be mindless as to be oppressive towards anyone.”
That same year, his successor, the late Corazon C. Aquino set up the PCGG to go after ill-gotten assets of the elder Marcos, his family and cronies that were amassed during his two-decade rule.The Sandiganbayan last month denied the Marcos family’s appeal to regain control of some frozen bank accounts and properties seized by the government.
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