Palace respects SC ruling on Marcos jewelry collection

MALACAÑANG on Tuesday said it will comply with the Supreme Court’s decision to uphold Sandiganbayan’s judgment to forfeit the jewelry collection of former first lady and incumbent Ilocos Representative Imelda Marcos that was seized in 1986.

Presidential Spokesperson Ernesto Abella said the government is yet to decide whether it would sell the jewelry collection in order to get additional funds for the public sector.

“I don’t know if we’re going to selling it but we will abide by the decision that it belongs to the government,” the presidential spokesperson said.

On Monday, the high court affirmed that the Sandiganbayan’s ruling on the forfeiture of Marcos’ third jewelry collection, also known as Malacañang Collection, was “justified."

The Malacañang Collection is assessed to be worth from $110,055 to $153,099. It is composed of smaller and less expensive pieceS that the Marcoses left behind when they fled during the 1986 Edsa People Power Revolution.

The Malacañang Collection is kept in the vaults of the Bangko Sentral ng Pilipinas. (SunStar Philippines)
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