Close  
SANDIGANBAYAN RULING

Court: Batangas resort held by Kokoy belongs to government

/ 05:00 AM April 12, 2019

After years of dispute between the government and a member of the Romualdez-Marcos clan, the Sandiganbayan Fifth Division has ruled that a beach resort in Mabini, Batangas, belonged to the government.

The property was previously held by former Ambassador Benjamin “Kokoy” Romualdez, a brother of former first lady Imelda Marcos. It is listed as owned by Philippine Journalists Inc. (PJI) and was among the properties seized from Romualdez as ill-gotten wealth, although it was sold in 1991 to private citizen Ramon Quisumbing.

ADVERTISEMENT

In a 49-page resolution written by Associate Justice Rafael Lagos and concurred in by Associate Justices Maria Theresa Mendoza-Arcega and Maryann Corpus-Mañalac, the antigraft court ruled that while the government was the rightful owner of the land, Quisumbing was “a builder in good faith” as he did not know that the property he had bought and improved on was involved in a legal battle.

Quisumbing paid P700,000 for the 7,087-square-meter property, which at that time did not have road access or electricity and water supply.

FEATURED STORIES

Thus, the court said, Quisumbing was entitled to the amount of P40 million, representing the current market value of all improvements he had made on the resort, such as installation of water and power supply, and construction of roads and other infrastructure including a restaurant and a seawall. —PATRICIA DENISE M. CHIU

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Batangas resort, Government, Kokoy Romualdez, Ramon Quisumbing, Sandiganbayan
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.