16 Aug '12, 8am

Singapore court awards Marcos millions to PNB

SINGAPORE — Singapore's High Court has ruled that more than $23 million seized from the estate of late Philippine dictator Ferdinand Marcos rightfully belongs to Philippine National Bank. In a 77-page ruling obtained Thursday by AFP, Justice Andrew Ang dismissed the rival claims of the Philippine government, a group of human rights victims and five foundations believed to be Marcos fronts. He ruled that the money – deposited in the Singapore branch of German bank WestLB – belongs to the now privately-owned PNB. "I am of the view that PNB holds legal title to the funds as trustee of the same," Ang said in his judgement issued Wednesday. The funds, comprising $16.8 million and £4.2 million ($6.58 million), were part of the alleged illicit fortune that Marcos stashed away in various Swiss bank accounts. Marcos ruled the Philippines from 1965 to 1986, when he was overthrown by...

Full article: http://www.gmanetwork.com/news/story/270026/economy/money...

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Singapore court awards Marcos millions to PNB

abs-cbnnews.com 16 Aug '12, 8am

SINGAPORE - Singapore's High Court has ruled that more than $23 million seized from the estate of late Philippine dictator...

Singapore court awards Marcos millions to PNB - Yahoo! News Philippines via @YahooPH

Singapore court awards Marcos millions to PNB -...

ph.news.yahoo.com 16 Aug '12, 7am

Singapore's High Court has ruled that more than $23 million seized from the estate of late Philippine dictator Ferdinand M...

Singapore High Court awards Marcos millions to Philippine National Bank

Singapore High Court awards Marcos millions to ...

rappler.com 16 Aug '12, 7am

Philippine President Ferdinand Marcos during a March 1985 interview with the Agence France-Presse at Malacañang Palace in ...

Singapore court awards Marcos millions to Philippine National Bank #inquirer

Singapore court awards Marcos millions to Phili...

globalnation.inquirer.net 16 Aug '12, 8am

Singapore court awards Marcos millions to Philippine National Bank Agence France-Presse 3:50 pm | Thursday, August 16th, 2...

$23M Marcos money belongs to PNB, not govt or HR victims - Singapore court

$23M Marcos money belongs to PNB, not govt or H...

interaksyon.com 16 Aug '12, 7am

$23M Marcos money belongs to PNB, not govt or HR victims - Singapore court By: Agence France-Presse August 16, 2012 2:54 P...

$23M Marcos money belongs to PNB, not govt or HR victims - Singapore court

$23M Marcos money belongs to PNB, not govt or H...

interaksyon.com 16 Aug '12, 7am

$23M Marcos money belongs to PNB, not govt or HR victims - Singapore court 16-Aug-12, 2:54 PM | Agence France-Presse (UPDA...

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