Sequestered networks’ sale queried; ‘Midnight’ IBC deal bared By Michaela P. del Callar 08/17/2010

Sequestered networks’ sale queried; ‘Midnight’ IBC deal bared

By Michaela P. del Callar 08/17/2010 Sen. Ferdinand Marcos Jr. yesterday questioned the Aquino administration’s plan to privatize sequestered tele-vision networks RPN 9 and IBC 13, saying only the courts can decide the fate of the government-run assets. Legally, the government cannot dispose of the TV stations without court approval since it was only entrusted to the government for safekeeping and that it does not have sole ownership of the confiscated assets, Marcos explained. “The courts have always had the duty to decide what to do with sequestered properties,” Marcos told reporters. “If it may be shown that they are not ill-gotten, they will be returned to the previous owners. If they are shown to be ill-gotten, it’s also up to the courts to dispose of those properties or those assets. That has always been the situation.” The networks have been in government custody since the fall of Marcos’ father and namesake, dictator Ferdinand Marcos, in 1986. Marcos said he was “surprised” to learn that the government is intending to sell the properties when there is still no final court decision on what to do with the assets..... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100817hed2.html

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