The anti-graft court already ruled in December 2015 that parcels of land owned by Taggat Industries were part of the ill-gotten wealth of Alfonso Lim Sr., and forfeited in favor of the government
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The anti-graft court said that Dy took a gamble when he bought the property in an auction amid the pending court action. Lim was accused in 1987 of using his connections to Marcos to amass ill-gotten wealth by securing more than 533,880 hectares of timber concessions – way beyond the maximum allowable area of 100,000 hectares allowed by the 1973 Constitution.
Dy already lost in a previous attempt involving a different lot in Claveria, Cagayan after the Sandiganbayan denied his claims.
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