Politics · Philippines Bureau
Supreme Court rules PCGG owes no damages on seized Marcos-linked funds
The Philippine Supreme Court has sided with the government's anti-graft agency in a significant ruling on recovered assets allegedly stolen during the Marcos era. The court determined that the PCGG bears no liability for interest or damages related to P110.8 million seized from companies connected to the late former president's family.
LSN Philippines ·
MANILA — In a decision that marks a notable win for the state in its decades-long effort to recover Marcos-era ill-gotten wealth, the Supreme Court has ruled that the Presidential Commission on Good Government (PCGG) does not owe interest or damages on funds it seized from corporate entities linked to the late dictator's family.
The court's ruling addressed a dispute over the P110.8 million that was held by the anti-graft agency following asset recovery operations. The decision removes potential financial liability that the PCGG might have faced in connection with the funds' seizure and management.
The judgment comes as part of the broader, ongoing government campaign to recover assets believed to have been unlawfully accumulated during Ferdinand Marcos's 20-year authoritarian rule. Since the 1986 People Power Revolution that toppled the regime, various government bodies have pursued recovery efforts through multiple legal channels.
The Supreme Court's finding underscores the judicial system's recognition of the PCGG's mandate and operations in recovering state assets. Legal observers note that such rulings can influence subsequent cases involving asset recovery and government liability claims related to the Marcos wealth recovery campaign.