Sandigan forfeits Imelda's P1.25-M travel bond

Posted at 07/22/2014 8:19 AM

MANILA - The Sandiganbayan has forfeited the P1.25-million travel bond posted by Ilocos Norte Rep. Imelda Marcos for her visit to China last May.

The anti-graft court’s Sheriffs and Security Services Division chief Albert de la Cruz said a check was issued to the Presidential Commission on Good Government and charged against the travel bond of the former first lady.

The forfeiture was in partial fulfillment of the P11.95-million judgment cost imposed by the court against the assets of the late strongman Ferdinand Marcos.

In a September 2010 ruling, the Sandiganbayan held that the former president pocketed P10 million from the Philippine National Bank account of the National Food Authority and transferred the amount to a private account on July 27, 1983.

Mrs. Marcos’ travel bond was forfeited because she was named legal representative of her spouse.

She is the second wealthiest member of the House of Representatives with cash and properties totaling P992.8 million, according to her 2013 Statement of Assets, Liabilities and Net Worth.