Rowegie Abanto

Marcos family. Photo by Malacanang Photo Library

Article (news)

Paige Javier

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/17321590152761728445581126marcos-family-ml-090417.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Marcos family. <em>Photo by Malacanang Photo Library</em></span></span></span></div><p style="text-align:left">MANILA — The Sandiganbayan has approved a compromise agreement between the Presidential Commission on Good Government (PCGG) and the heirs of the late Roman Cruz Jr., alleged crony of former President Ferdinand Marcos Sr.</p><p>Cruz was the former president and general manager of the Government Service Insurance System.</p><p>In an eight-page resolution dated November 19, 2024, the Second Division granted the Joint Omnibus Motion filed by the PCGG and the heirs of Cruz.</p><p>According to the motion filed on October 25, the government agreed to drop and discontinue pursuing civil cases against Cruz.</p><p>In return, the heirs of Cruz allowed several properties, shares of stocks, and contents of an escrow account to be relinquished to the government.</p><p> &quot;After a close scrutiny of the provisions mentioned above, the Court finds them not contrary to law, morals, or public policy. The Court then deems it proper to approve the Compromise Agreement and to grant the Joint Omnibus Motion,&quot; the resolution read.</p><p>&quot;The compromise agreement is APPROVED and the relevant agencies and offices are directed to transfer of the titles and real and personal properties to the Republic of the Philippines based on the compromise agreement,&quot; the anti-graft court added.</p><div><a href="https://www.abs-cbn.com/news/2024/10/9/sandiganbayan-dismisses-p276-million-ill-gotten-wealth-case-vs-marcoses-1143">Sandiganbayan dismisses P276 million ill-gotten wealth case vs Marcoses</a></div><p>The properties included are two units in Camp Sioco and two parcels of land in Leonard Wood Road both in Baguio City; residential lots in Barangay San Roque and Barangay Sta. Cruz both in Antipolo City, shares of stocks in a local telecommunications firm, and P1.1 million in an escrow account.</p><p>Last month, the anti-graft court dismissed the wealth forfeiture case against Marcos Sr., former First Lady Imelda Marcos, and Cruz due to &quot;inordinate delay.&quot;</p><p>The PCGG lodged the complaint on July 21, 1987, seeking the forfeiture of P276 million worth of funds and properties allegedly accumulated by the accused over the 20-year presidency of Marcos Sr.</p><p>Prosecutors agreed with the appeal of the Marcoses to dismiss the case since there were no more allegations against the estate of the late former President.</p><p>The PCGG and the heirs of Cruz said there was no objection from the Office of the Solicitor General and the Department of Justice after review of the compromise agreement. The DOJ also gave its approval in 2021. </p><p>The deal covered cases and other legal actions against Cruz in Civil Case No. 0034-A and Civil Case No. 0014, which were still pending at the Supreme Court.</p><p>&quot;The first party, hereby fully, forever, irrevocably and absolutely releases, discharges and holds free and harmless the second party, their heirs, transferors, assignors from any action, and any and all claims and damages arising out of, or incident or related to, the Cases, and the alleged actions and/or omission of the deceased Roman A Cruz, Jr.,&quot; the agreement said.</p><p>The PCGG waived claims in another condominium unit in Makati City in favor of the heirs of Cruz.</p><p>&quot;It is settled jurisprudence that in consonance with the law on contracts, the compromise must not be contrary to law, morals, good customs, and public policy. And to be binding, it must be shown to have been voluntarily, freely, and intelligently executed by the parties, who had full knowledge of the judgment,&quot; the anti-graft court said.</p><p>The escrow account and interest, meanwhile, will cover P2.2 million in unpaid taxes due from properties to be returned and P5.1 million in unpaid condominium dues, with excess costs to be shouldered by the government. </p><p>The anti-graft court also dismissed the instant case against the defendants, the heirs of Cruz.</p><div><br/></div><div><br/></div><div><strong>RELATED VIDEO:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/kYih9KcVF6E?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Sandiganbayan has approved a compromise agreement between the PCGG and the heirs of the late Roman Cruz Jr., alleged crony of former President Ferdinand Marcos Sr.</p>

The Sandiganbayan has approved a compromise agreement between the PCGG and the heirs of the late Roman Cruz Jr., alleged crony of former President Ferdinand Marcos Sr.

Sandiganbayan OKs compromise deal between PCGG, heirs of Marcos 'crony'

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Nation

Sandiganbayan OKs compromise deal between PCGG, heirs of Marcos 'crony'

Paige Javier,

ABS-CBN News

Published Nov 21, 2024 11:43 AM PHT

|

Updated Nov 21, 2024 11:45 AM PHT

Read More:

Sandiganbayan

anti-graft court

Presidential Commission on Good Government

Roman Cruz

ABSNews

ANC promo

Marcos family

Ferdinand Marcos

PCGG

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.