Eduardo “Danding” Cojuangco is the rightful owner of the contested 20% shares of San Miguel Corporation (SMC), the Philippine Supreme Court ruled with finality today.
The Supreme Court (SC) struck down the appeal of the government, represented by the Philippine Commission on Good Governance (PCGG), saying the petitioner failed to substantiate its claim that the SMC shares were part of Cojuangco’s ill-gotten wealth allegedly acquired during the reign of ex-President Ferdinand Marcos.