Posted by: JWP | 10/21/2009

Immunity ruled out for Lucio Tan’s brother

MANILA, Philippines—Government lawyers maintained that the brother of Lucio Tan must not be given immunity from suit in exchange for testifying on the pending ill-gotten wealth cases against the business tycoon.

The prosecution alleged that Ferdinand Marcos had 60% beneficial ownership in said companies, which beneficial interests were held in trust by Tan personally and through his family members and business associates who appeared as the recorded stockholders of said companies.  MORE


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: