The Philippines’ claim on $23 million its late president Ferdinand Marcos had looted and held in trust at West Landesbank AG’s Singapore branch was dismissed by a Singapore Court.
Justice Andrew Ang dismissed competing claims by the Philippines, citizens who suffered human rights abuses during Marcos’s rule and five others seeking access to the funds kept in the branch.
Singapore’s courts can’t recognize the Philippines’ claim, which was based on the 2003 verdict, as the funds were never in the Philippines, Ang wrote. Full story
