• Imelda’s travel bond used to pay damages

    0

    Ilocos Norte Rep. Imelda Marcos’ recent travel bond will be used to pay damages in connection with the P10 million in government funds that her late husband, former President Ferdinand Marcos, allegedly transferred from the National Food Authority (NFA) to a private account.

    Last May 20, the Sandi–ganbayan’s Fifth Division served a notice of garnishment against the P1,250,000 travel bond posted by the former first lady for her trip to China last week. She was allowed to go abroad for the 60th anniversary of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC).

    A sheriff report dated May 21 said the notice directed the court’s cashier to keep the said amount until the issuance of an order for delivery of money.

    The garnishment was made to partially satisfy a court order dated September 20, 2011, which arose from a 1987 civil case filed by the Presidential Commission on Good Govern–ment (PCGG) against the spouses Marcos, former NFA comptroller Cesar Aquino and former NFA administrator Jesus Tanchanco aiming to recover the ill-gotten wealth they had supposedly amassed.

    It was alleged that in 1983, P10 million was disbursed without authority from the NFA to then-President Marcos through then Security Bank president Rolando Gapud. The court eventually ordered Mrs. Marcos as legal repre–sentative of her husband, to pay the damages.

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.