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MANILA, Philippines – The fifth division of the anti-graft court Sandiganbayan has forfeited the P1.25 million travel bond posted by Ilocos Norte Rep Imelda Marcos for her visit to China last May.
In the Sheriff’s Report dated July 17, 2014, Acting Chief Judicial Officer Albert A. dela Cruz said a check was issued to the Presidential Commission on Good Government (PCGG), charged against the travel bond of the former First Lady.
The forfeiture is in partial fulfillment of the P11.95 million judgment cost imposed by the court against the assets of Mrs Marcos’ late husband, former President Ferdinand Marcos.
In a September 2010 ruling, the Sandiganbayan held that President Marcos pocketed P10 million funds from the Philippine National Bank account of the National Food Authority (NFA) and transferred the amount to a private account at the Security Bank in July 1983. – Rappler.com
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