SC bars Marcoses from Cabuyao property - News Summed Up

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SC bars Marcoses from Cabuyao property


The Supreme Court (SC) granted a petition by the Presidential Commission on Good Government (PCGG) to stop the Marcoses from taking over a property in Cabuyao, Laguna province, that the government claims is part of the late dictator Ferdinand Marcos’ ill-gotten wealth. The Supreme Court ordered the register of deeds of Cabuyao to reannotate the notice of lis pendens on the Transfer Certificate of Title. The Sandiganbayan had canceled the notice of lis pendens, claiming that it was not necessary to protect the interest of the PCGG. But the Supreme Court ruled that the the graft court committed grave abuse of discretion in denying PCGG’s motion for issuance of a writ of preliminary attachment. The property was under the name of Marcos’s wife, Imelda, and children—former Sen. Ferdinand “Bongbong” Marcos Jr., Maria Imelda “Imee” Marcos and Irene Marcos Araneta.


Source: Philippine Daily Inquirer January 23, 2017 17:39 UTC



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