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Cojuangcos deserve not a cent from Luisita INSIDE CONGRESS Charlie Manalo 05/15/2012

Tuesday, May 15, 2012

Cojuangcos deserve not a cent from Luisita

INSIDE CONGRESS
Charlie Manalo
05/15/2012
Last April 24, the Supreme Court (SC) sitting en banc, ruled with finality on the distribution of the 6,000-hectare Hacienda Luisita, the most glaring manifestation of feudal exploitation in the country.

Unfortunately, along with its decision to finally distribute the vast sugar estate to its tenant-farmers, as was contained in the condition when the Cojuangcos secured a loan from the Central Bank and the GSIS in the late 1950s for the acquisition of the sugarland, the high court also ordered that the Cojuangcos be compensated for the hacienda, together with its corresponding interests and that they be also paid for the home lots which they distributed to their tenant-farmers for free in 1989 in exchange for their support for the now invalidated stock distribution option (SDO).

These issues, according to Luisita’s tenant-farmers themselves, have become a catalyst for obstruction and not for actual distribution as it runs counter on the interest of the farm workers that besmirch the essence of social justice and judicial integrity..... http://www.tribuneonline.org/commentary/20120515com7.htmlMORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20120515com7.html

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