Marcos's Swiss accounts ordered forfeited

Manila — The Supreme Court on Tuesday awarded the Philippine government the frozen Swiss bank deposits of late dictator Ferdinand Marcos, which had ballooned to $658.2-million (U.S.) early last year.

"In the face of undeniable circumstances and the avalanche of documentary evidence against them, respondent Marcoses failed to justify the lawful nature of their acquisition of the said assets," the Supreme Court said in a 100-page ruling. "Hence, the Swiss deposits should be considered ill-gotten wealth and forfeited in favour of the state."

The decision reversed an earlier ruling by the anti-graft court Sandiganbayan that the money was in the name of several foundations and the government had not fully established that they belonged to the Marcos family.

http://theglobeandmail.com/servlet/story/RTGAM.20030715.wphil0715/BNStory/International/

Plunder - Whomever is responsible should be executed

http://darkerxdarker.tripod.com/

Followed by the rest of the BFEE's loot.

Regarding the punishment: Your idea for real "Chief Executive Action" seems very attractive, but if I may suggest, I'd use it only as a negotiating tactic to get evidence for use on the rest of the conspiracy. Punishment of life imprisonment without the possibility of parole at hard labor is more "Suit-able." That way, the former wealthy could spend the rest of their days thinking about all the money they once had.

National debt would be paid overnight if US seized assets of corrupt BFEE associates!