Ombudsman Casimiro orders forfeiture proceedings on Ligots’ ‘wealth’
MANILA, Philippines – Acting Ombudsman Orlando C. Casimiro ordered the holding of forfeiture proceedings for the repossession of the alleged unexplained wealth of former Lieutenant General Jacinto C. Ligot and his family in the amount of more than P55-million.
In an 18-page resolution, Casimiro recommended that a Supplemental Petition for Forfeiture be filed before the Sandiganbayan against Ligot, his wife Erlinda Yambao-Ligot, daughter Riza and sons Paulo and Miguel Ligot, along with
relatives Edgardo T. Yambao and Gilda Y. Alfonso-Velasquez.
The resolution was issued following the investigation and complaint made by the Office of the Ombudsman’s Field Investigation Office (OMB-FIO) which revealed that the Ligots acquired other assets/ properties in the form of bank deposits and investment accounts, which were not included in the previous case filed against him and his family before the anti-graft court.
Casimiro said these numerous bank deposits and investments, which were allegedly part of Ligot’s unexplained wealth were as follows:
* Armed Forces and Police Savings and Loan Association, Inc. (AFSLAI)
– Jacinto Ligot-184,760.25
– Erlinda Yambao-Ligot -135,983.46 and 56,529.32
– Riza Ligot – 419,323.60
– Paulo Ligot -194,073.29
– Miguel Ligot – 209,000.00 and
1,006.57
* Equitable PCI Bank
– Jacinto Ligot -10,109.81
* BPI
– Parmil Farms Inc. -24,210.96
* LandBank
– Jacinto Ligot -92,943.87
* United Overseas Bank Phils. (UOBP)
– Edgardo Yambao – 346,190.43
* Metrobank
– Edgardo Yambao – 1,397,562.70
Citicorp Financial Services and Insurance Brokerage Philippines, Inc. (CFSI)
– Gilda Velasquez -52,525,000.00
TOTAL Php 55,596,694.26
“Since these accounts are considered “web of accounts” of General Ligot and his family, these are deemed and should be accounted for as forming part of their unexplained wealth,” the resolution stated.
