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Sandiganbayan orders release of Romualdez kin's sequestered assets
The Philippine Star
|May 20, 2025
The Sandiganbayan has ordered the release of millions of pesos in assets and earnings of the family of the late ambassador Benjamin Romualdez, which was held in escrow from a firm sequestered by the government.
Romualdez was the brother of former first lady Imelda Marcos and the father of Speaker Martin Romualdez.
In a 12-page resolution, the anti-graft court's Sixth Division ordered the release of the assets of the Trans Middle East (Phils.) Equities, Inc. (TMEE), which the Presidential Commission on Good Government (PCGG) had sequestered in 1986 as part of efforts to recover the ill-gotten wealth of the late president Ferdinand Marcos Sr., his family and their cronies.
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