^

Nation

Sandigan orders return of ‘Marcos crony’s’ assets to government

Elizabeth Marcelo - The Philippine Star

MANILA, Philippines — The Sandiganbayan has ordered the offices of the registry of deeds in Rizal, Tagaytay and Cagayan to transfer to the government the ownership of seven properties, which the court said were part of the ill-gotten wealth of the Marcoses and their alleged cronies.

The anti-graft court said the properties remain under the name of Alfonso Lim and his family’s company despite a 2015 court ruling awarding these assets to the state.

In a resolution promulgated on Nov. 26, the court’s Second Division granted the motion for execution filed on Jan. 15, 2020 by the Office of the Solicitor General  (OSG).

In its motion, the OSG sought the enforcement of the 2015 court ruling, which ordered the turnover to the government of the properties of the Lim and Marcos families, which have a total appraised value of P511.12 million as of 2006.

The OSG said despite the ruling and the issuance of a writ of execution dated Feb. 19, 2018, the Lim family and its logging company Taggat Industries Inc. have not yet returned the properties.

Without any formal act of conveyance by the defendants, the OSG said the deed registrars of the concerned local government units could not automatically transfer the land titles to the state.

The anti-graft court said it earlier ordered Lim and Taggat Industries Inc.to submit within 10 days their comments on the OSG’s motion.

It said no comments or oppositions were filed even as records showed that lawyers Benjamin Santos and Reynald Suarez, counsels for Lim and Taggat Industries, respectively, received the copies of the OSG’s motion as well as the court order.

The properties were among those earlier sought by the Presidential Commission on Good Government to be awarded to the state through a forfeiture case it filed in 1987 against the Marcos family and their alleged cronies.              

SANDIGANBAYAN
Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with