Manila court rejects Marcos claims<\/p>\n
PHILIPPINES: The Philippine Supreme Court said on Tuesday nearly
\nUS$700 million once held by late dictator Ferdinand Marcos in
\nSwiss banks must be given to the government, but the ruling is
\nunlikely to end a long-running legal battle.<\/p>\n
The money now lies in an escrow account at the Philippine
\nNational Bank (PNB) pending a decision on the rightful owners --
\na matter complicated by a global freeze order on Marcos assets
\nimposed by a judge in the U.S. state of Hawaii in September.<\/p>\n
In 1986, Marcos and his wife Imelda fled a popular uprising in
\nthe Philippines for Hawaii, where he died three years later.<\/p>\n
Government officials say the money held at the PNB is only a
\nfraction of $5 billion to $10 billion plundered by the Marcoses
\nduring two decades of iron-fisted rule.<\/p>\n
The Supreme Court denied the Marcos family's claims on the
\nmoney in the escrow account and criticized the Hawaiian court for
\noverstepping its jurisdiction after the Philippine justices had
\nawarded the disputed money to the Manila government in July. --
\nReuters<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/manila-court-rejects-marcos-claims-1447893297",
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