The multi-million bank accounts and assets said to be unlawfully acquired by former Armed Forces comptroller retired Lt. Gen. Jacinto Ligot, his family, and relatives will be forfeited soon in favor of the State.
The Sandiganbayan has started to secure the assets and bank accounts of the Ligots valued at P55.50 million.
Ligot, his family, and relatives were the subject of a Senate investigation in 2011 in connection with the alleged massive corruption in the military. The Senate inquiry on the rampant corruption in the Armed Forces led to the suicide of former Defense Secretary Angelo Reyes.
In a sheriff’s report submitted to the anti-graft court’s Fifth Division, Alexander Valencia (Sheriff IV) said his team had served the Notice of Garnishment in Civil Case No. SB-13-CV1-0001 (Forfeiture of Unlawfully Acquired Properties).
A notice of garnishment is a legal notification that a writ of garnishment has been ordered against a person. This means that a court has judged that the person owes funds to a creditor, in this case the State, which wants to confiscate the assets that belong to public coffers.
Records showed that on August 14, 2013, the court ordered garnishment on all the goods, effects, stocks, interests in stocks and shares, and any other personal properties in possession in the names of defendants Jacinto Ligot, wife Erlinda, children Paulo, Riza, and Miguel;Edgardo Yambao, Gilda Alfonso-Velasquez, and Parmil Farms Inc. “sufficient to satisfy petitioner’s demand…in the amount of P55,596,694.26.” (Rolly T Carandang)
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