Marcoses ready for compensation case vs estate

Posted at 10/30/2012 12:24 PM | Updated as of 10/30/2012 7:34 PM

MANILA, Philippines - Senator Ferdinand Marcos Jr., the co-executor of his late president father and namesake, said his family is ready to face any judgment arising from the decision issued against them in the United States.

In a statement, Marcos said: “It is my duty to administer the estate's assets properly. Therefore, we will deal with this matter when it is filed in the proper court.”

He said, nonetheless, that the family would also want to see the end of the issue. “Higit kaninuman, kami ang may pinakamasidhing pangarap na matuldukan na ang mga usaping tulad nito sa paraang naaayon sa batas.”

A US Court of Appeals for the Ninth Circuit said Marcos and his mother, Imelda, is guilty of contempt for violating an earlier order directing them to stop dissipating assets earmarked for the victims of the Martial Law era.

The judgment required them to pay $353.6 million, which could be applied on the Marcos properties in the US. The award is the total daily fine of $100,000 from February 3, 1995 to February 3, 2005 by the Hawaii Court of First Instance, which first issued the contempt judgment.

The petitioners, the human rights victims, have to ask the Philippine government – via a petition in court – to implement the same judgment on properties here.
Laws require that any ill-gotten wealth recovered should be spent on land reform program. This could mean another protracted battle here.

In a separate statement, Samahan ng Ex-Detainees Laban sa Detensyon at Aresto (SELDA) vice chairperson Bonifacio Ilagan said: "The decision is a smack in the face of the Marcoses who continue to arrogantly hold on to their ill-gotten wealth and to use it to remain in their lofty positions and power.”

Nonetheless, the victims of the martial rule have yet to be indemnified under Philippine laws, he noted.

"It's been twenty years since that historic day [decision on class suit], and to date, even after gaining another victory, no law has been passed by the government to indemnify the victims," Ilagan said.

"This delay has partly been caused by various settlements that the different administrations have entered into with the Marcoses since the time of former President Corazon Aquino."