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Thursday, March 19
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Home»Investigations»1987 coco levy case that concerned Marcoses dismissed over gov’t delay
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1987 coco levy case that concerned Marcoses dismissed over gov’t delay

Buzzin DailyBy Buzzin DailyMarch 19, 2026No Comments4 Mins Read
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1987 coco levy case that concerned Marcoses dismissed over gov’t delay
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That is AI generated summarization, which can have errors. For context, at all times consult with the total article.

In dismissing the case, the Sandiganbayan guidelines that the lengthy delay violated the remaining defendants’ proper to a speedy trial

MANILA, Philippines – The anti-graft courtroom on Tuesday, March 17, dismissed a 1987 coconut levy case that initially concerned as defendants the late dictator Ferdinand E. Marcos, former first woman Imelda Marcos, and the late businessman Eduardo Cojuangco Jr., citing the federal government’s failure to actively pursue the case.

Different unique defendants included the late senator Juan Ponce Enrile, the late former Zamboanga Metropolis mayor Maria Clara Lobregat, Enrique M. Cojuangco, Marcos O. Cojuangco, Rafael Abello, and Eduardo’s agency, Agricultural Buyers Included (AII). Enrile and Lobregat have been named as a result of they served on the board of the state-owned United Coconut Planters Financial institution (UCPB).

The Presidential Fee on Good Authorities (PCGG) had accused the defendants of conspiring to defraud the federal government of P426 million invested by AII in a 1974 mission to supply hybrid coconut seedlings on Bugsuk Island, Palawan.

The 2nd Division of the Sandiganbayan dismissed the case in opposition to the remaining defendants – Enrique Cojuangco, Marcos O. Cojuangco, Abello, and AII. It said that the lengthy delay violated the their proper to a speedy trial.

The courtroom mentioned Civil Case No. 0033-C, one among eight circumstances derived from the unique grievance, had dragged on for greater than 30 years, together with a 3rd modification.

“Such a interval is unreasonably extreme by any customary,” learn a part of the courtroom’s ruling.

The Sandiganbayan additionally famous that the federal government “did not prosecute this case inside an inexpensive timeframe” as legal professionals repeatedly filed motions for extension.

“Whereas the courtroom acknowledges the complexity of the problems and the voluminous information on this case, these elements don’t sufficiently justify the 30-year lengthy delay which prejudiced the defendants. Throughout this era, the defendants have been put below a cloud of hysteria, suspicion, and infrequently, hostility because the case loomed over them,” the courtroom said.

What was the case about?

The Presidential Fee on Good Authorities (PCGG) had accused the defendants of conspiracy to defraud the federal government of P426 million, which AII invested within the 1974 mission to develop hybrid coconut seedlings on Bugsuk Island, Palawan.

The cash got here from coconut farmers’ contributions to the Coconut Trade Improvement Fund (CIDF). The fund, a part of the coconut levy, was first managed by the Nationwide Funding Improvement Company (NIDC) till 1978, when it was transferred to the UCPB.

UCPB officers have been accused of not contesting P532.4 million in liquidated damages in opposition to the CIDF. On September 14, 1980, the financial institution reserved P750 million to cowl any damages AII may face from the mission. The mission ended when former president Marcos terminated the coconut levy on August 27, 1982. UCPB then ended its settlement with AII, prompting the corporate to go to arbitration.

Prosecutors mentioned the case went to a board of arbitrators with legal professionals Esteban Bautista for AII, Aniceto Dideles for UCPB, and UP Legislation Professor Bartolome Carale as chairman. The PCGG questioned this as a result of Eduardo Cojuangco “was president and chairman of AII whereas additionally serving as president and CEO of UCPB.”

On March 29, 1983, the board awarded P532.39 million to AII as “liquidated damages” and forfeited P426.26 million already given by NIDC. UCPB was additionally charged P150,000 for arbitration. 

A regional courtroom in Makati subsequently upheld the ruling, which PCGG mentioned the financial institution allowed to lapse with out enchantment. – Rappler.com

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