6/15/12

Philippine tycoon Tan wins battle to keep fortune

Philippine tycoon Tan wins battle to keep fortune (via AFP)

Philippine billionaire Lucio Tan has won a decades-long legal battle to keep the fortune he built up during the dictatorship of Ferdinand Marcos, according to his lawyer. An anti-graft court ruled on Wednesday that the government's 1987 seizure of some 22 billion pesos (about $520 million at current…