THE Sandiganbayan Second Division has ordered the lifting of the writ of preliminary attachment issued on five bank accounts of Edgardo Yambao, brother-in-law of Lt. Gen. (ret.) Jacinto Ligot, former comptroller of the Armed Forces.
In a resolution issued last July 12, the anti-graft court granted Yambao’s motion dated May 27, 2022 citing the case against him has been dismissed based on a decision promulgated on May 26, 2021.
In the same decision, the court ordered the forfeiture of investments and bank assets of Ligot and his family totaling P53.85 million in favor of the State after declaring them as “unlawfully acquired properties.”
The forfeiture order covered P52.525 million with Citicorp Financial Services and Insurance Brokerage Philippines, Inc. (CFSI) in the name of a cousin of Ligot’s; P1.2 million investments with the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI) in the names of Ligot, his wife Erlinda, and children Riza, Paulo, and Miguel; and several smaller amounts in three other banks.
In his motion, Yambao noted the court’s decision made no mention of his own bank accounts with United Overseas Bank— Philippines (UOBP) holding P346,190.43 and four accounts with the Metropolitan Bank and Trust Company (Metrobank) with a combined balance of P1.397 million.
“The Sheriff of this Court is hereby directed to serve a copy of this Resolution lifting the Writ of Preliminary Attachment on the …accounts under the name of Edgardo T. Yambao,” the Sandiganbayan ordered.
