The Sandiganbayan has ordered the Royal Traders Holding Company, Incorporated (RTHCI) to pay the Philippine government at least P367 million, saying the amount was part of the ill-gotten wealth of the late dictator Ferdinand Marcos and his family.
In a 52-page decision, the anti-graft court also ordered the payment of 12% interest per year since February 1993 until the amount was fully ρáíd.
The Sandiganbayan said bank certificates on the deposits amounting to P65,978,870, P30,050,000 and US $5,435,362.90, were among the properties and papers brought into Hawaii by the Marcos family and seized by the United States Customs when they landed in Honolulu on February 26, 1986.
“Mr. Marcos and his family, among others, flew to Honolulu...