Saturday 17 November, 2018
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Sandiganbayan drops forfeiture case versus Marcos crony Benedicto

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The Sandiganbayan has dropped the estate of the Roberto Benedicto as a codefendant in the forfeiture case on the ill-gotten wealth of dictator Ferdinand Marcos and widow Imelda.

In a recent 4-page resolution, the court’s 4th Division deleted Benedicto’s name from a July 30 order listing the defendants who had waived the right to present evidence in the trial.

The court said the government raised “no objection” to the motion of the administratrix of the Benedicto estate, who invoked a November 3, 1990 compromise agreement struck by the Presidential Commission on Good Government (PCGG).

Under the said compromise agreement, the PCGG agreed to withdraw its cases against Benedicto in exchange for the full takeover of California Overseas Bank, shares in Oriental Petroleum, and the management of the Broadcast City facility.

The Sandiganbayan approved the settlement on October 2, 1992, and the Supreme Court on September 10, 1993 denied the PCGG’s petition seeking to repudiate the agreement.

Benedicto was accused of serving as the “conduit of purloined funds in billions of pesos and dollars” and the executor of overseas trusts on behalf of the Marcoses, helping in “their grand design to rob, plunder and impoverish… the entire Filipino people.”

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