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Republic of the Philippines vs. Eduardo M. Cojuangco, Jr., et al.

REPUBLIC OF THE PHILIPPINES, Petitioner, versus EDUARDO M. COJUANGCO, JR., JUAN PONCE ENRILE, MARIA CLARA LOBREGAT, JOSE ELEAZAR, JR., JOSE CONCEPCION, ROLANDO P. DELA CUESTA, EMMANUEL M. ALMEDA, HERMENEGILDO C. ZAYCO, NARCISO M. PINEDA, IÑAKI R. MENDEZONA, DANILO S. URSUA, TEODORO D. REGALA, VICTOR P. LAZATIN, ELEAZAR B. REYES, EDUARDO U. ESCUETA, LEO J. PALMA, DOUGLAS LU YM, SIGFREDO VELOSO and JAIME GANDIAGA, Respondents.

G.R. No. 139930 | 2012-06-26

D E C I S I O N

 

ABAD, J.:

 

 

This case, which involves another attempt of the government to recover ill-gotten wealth acquired during the Marcos era, resolves the issue of prescription.

 

The Facts and the Case

         

          On April 25, 1977 respondents Teodoro D. Regala, Victor P. Lazatin, Eleazar B. Reyes, Eduardo U. Escueta and Leo J. Palma incorporated the United Coconut Oil Mills, Inc. (UNICOM)[1] with an authorized capital stock of P100 million divided into one million shares with a par value of P100...