RP continues Marcos suits

Sat, 11 Jul 1998 | Source: AP

MANILA (AP): The government of President Joseph Estrada will not settle the numerous criminal and civil suits against the family of the late dictator Ferdinand Marcos for less than 75 percent of his US$540 million Swiss bank deposits, a senior official said yesterday.

Presidential Executive Secretary Ronaldo Zamora said the Marcos family has expressed privately that "they are amicable to a settlement."

On Thursday, Zamora indicated that the Estrada administration was more inclined to favor an out-of-court settlement with the Marcoses and their associates because years of legal battles to recover their alleged ill-gotten wealth have yielded little.

The Marcos Swiss accounts have been transferred to a Philippine bank. The money is to be released to the Philippine government if it wins a conviction against Marcos' widow, Imelda.

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