STORY OF THE DAY


PALACE: NO BASIS TO GRANT PARDON FOR EX-FIRST LADY IMELDA MARCOS



Presidential Legal Counsel Salvador Panelo said there is no basis for the president to grant former first lady Imelda Marcos Pardon since the ruling of the Sandiganbayan 5th Division is not final and is still subject to appeal.

Panelo, who is also presidential spokesperson said the concern of a pardon is speculative.

The incumbent congresswoman of Ilocos Norte was found guilty of seven counts of graft for the bank transfers of public funds to private foundations deposited in Swiss banks.

The lawyers of Marcos disclosed legal remedies will be pursued to reverse the ruling of the anti-graft court.

Panelo made it clear the court must rule with finality before Marcos can be arrested.

The supreme court will have the final say on the fate of Marcos.

If the high tribunal affirms the conviction of the former first lady, the president based on the recommendation of the board of pardons and parole may either grant her pardon or not.