Marcos jewels could be sold after Philippine court rules they're 'ill-gotten'
Published on Jan 14, 2014 1:41 PM
MANILA (AFP) - A jewellery collection owned by former first lady Imelda Marcos was "ill-gotten", a Philippine court has ruled, potentially paving the way for an auction of millions of dollars worth of seized treasures.
The anti-graft Sandiganbayan court decided on Monday that the Malacanang Collection, the smallest of three confiscated from the Marcos estate and worth some US$150,000 (S$189,807), was rightfully owned by the government.
"Partial judgement is hereby rendered declaring the pieces of jewellery, known as the Malacanang Collection, as ill-gotten, and are hereby forfeited in favour of petitioner Republic of the Philippines," read the 33-page ruling released on Tuesday.
It is one of three collections seized from the Marcos estate, including a 60-piece set featuring a 150-carat Burmese ruby.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!