Singapore's High Court has ruled that more than $23 million seized from the estate of late Philippine dictator Ferdinand Marcos rightfully belongs to a Philippine bank.In a 77-page ruling obtained Thursday by AFP, Justice Andrew Ang dismissed the rival claims of the Philippine government, a group of human rights victims and five foundations believed to be Marcos fronts.
He ruled that the money -- deposited in the Singapore branch of German bank WestLB -- belongs to the now privately-owned Philippine National Bank (PNB). Full story here.
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