The Sandiganbayan has denied the bid of former First Lady Imelda R. Marcos and daughter Irene Marcos-Araneta to regain possession of several assets, including a frozen trust account that have either been surrendered to the government. Know more:
THE Sandiganbayan has denied the bid of former First Lady Imelda R. Marcos and daughter Irene Marcos-Araneta to regain possession of several assets, including a frozen trust account that have either been sequestered or surrendered to the government for allegedly being part of the Marcos family’s ill-gotten wealth.
The Marcoses filed the omnibus motion for execution based on the Sandiganbayan’s resolution dated July 22, 2022 denying with finality the PCGG’s motion for reconsideration of its 2019 decision junking the P200 billion forfeiture case against them. The Marcoses insisted that the sequestration, freeze order and provisional takeover of PCGG of the assets and properties subject of the case do not deprive them as owner of the title or any right to the property sequestered or taken over.
As to the sequestered assets, the Marcoses maintained that the PCGG only exercises powers of administration over the properties and never acquired ownership of the same. The OSG argued that it filed a petition for review on certiorari before the Supreme Court on August 10, 2022, which is within the reglementary period. It also pointed out that the Marcoses failed to raise valid reasons for the grant of their motion.
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