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SC junks developer's bid to recover lands from PCGG
January 18, 2024
|The Philippine Star
The Supreme Court (SC) has denied a petition by property developer Ortigas & Co. Limited Partnership (OCLP) to recover two properties that it claimed it was forced to sell to the Marcoses.
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In a 70-page decision penned by Senior Associate Justice Marvic Leonen, the SC's Second Division ruled it found no error on the part of the Sandiganbayan when it dismissed OCLP's complaint that sought to nullify the transfer titles and recover OCLP's 16-hectare land and a 2.4-hectare property that were sequestered by the Presidential Commission on Good Government (PCGG) after the ouster of then president Ferdinand Marcos Sr. and his family in 1986.
The decision, dated Oct. 10, 2022, was posted on the SC's website on Tuesday.
The two properties traverse Pasig, San Juan, Mandaluyong, Quezon City and Rizal province.
The OCLP filed the complaint against PCGG, Asset Privatization Trust, Anchor Estate Corp. and Mid-Pasig Land Development Corp (Mid-Pasig).
The lands were registered in the name of Mid-Pasig, believed to be one of the dummy companies of the Marcoses.
Alleged threats
هذه القصة من طبعة January 18, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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