Tag: Dollar-salting

SC upholds acquittal of Imelda Marcos in dollar-salting case

(Eagle News)—The Supreme Court has upheld Imelda Marcos’ acquittal from charges of dollar-salting, or the stashing of foreign money in bank accounts abroad without authority from the Central Bank. This was after the High Court upheld the Court of Appeals’ decision denying the  former solicitor general Frank Chavez’s petition against the refusal of Judge Silvino Pampilo Jr. of the Manila Regional Trial Court to inhibit from the case. “There was nothing remarkable about the denial of the motion […]