Title: RP vs Anos Fonacier, et al.,
Respondents: Other Defendants
Court: Sandiganbayan
Nature of the case: Reconveyance, Reversion, Accounting and Damages
Date filed: 07/22/87
Summary of Complaint: This is a civil action for reconveyance, reversion, accounting, restitution and damages against all defendants to recover from them ill-gotten wealth consisting of funds and other property which they in unlawful concert with one had acquired and accumulated flagrant breach of trust and of their fiduciary obligations as public officers with grave abuse of right or power and in brazen violation of the constitution and laws of the Philippines. Defendants Fonacier acting by himself and/or unlawful concert with defendants Ferdinand E. Marcos and Imelda R. Marcos in collaborating with the others named defendants:
a) establishing and organizing the Cebu Plaza Hotel Management Corporation to put up a five star hotel in Cebu City, unlawful concert and with the active collaboration and willing participation of defendants Cezar C. Zalmea, Placido Mapa, Jr., Bernardo Vergara, and other responsible officers of the development Bank of the Philippines (DBP) and the Philippine Tourism Authority (PTA), the use of multi-million peso loans granted and released by the BPD and PTA upon approval of Ferdinand E. Marcos despite the gross under capitalization of borrower corporation both loans and interest remain unpaid;
b) acting as dummy, nominee, and or agent for defendant-spouses in acquiring the management and control of several interlocking corporations dealing in hotel and resort business such as the Cebu Plaza Hotel, Argao Resort Development Corporation, Mactan Tourism Development Corporation (Tambuli Resort);
- c) manipulated a negotiable sale of a Cebu provincial government property to the aforementioned Cebu Plaza Hotel Corporation without benefit of public bidding and in violation of law.
Status: Final in Favor of Respondents
Date Entered Status : 03/28/05
Remarks: Case dismissed on 28 March 2005 with respect to other defendants.