THIS P28.5 billion boon was ordered to be paid to the Hacienda Luisita Inc. of the Cojuangco clan in an April 25, 2025 decision by the Court of Appeals Special Twelfth Division, as payment for having their 4,500-hectare sugar plantation placed under agrarian reform in 1989.
That's 150 times the P196 million that the Supreme Court under the late Chief Justice Renato Corona and other government agencies had fiercely believed was the compensation that the Cojuangcos should get for their lands that were put under agrarian reform. The P28 billion is by far the biggest ever monetary award given by any Philippine court, dwarfing the P5 billion award involving two Japanese firms ordered by the Supreme Court in 2020. That is certainly ironic, and even weird.
This amount would be increased to account for interest charges until it is paid. The CA's upholding of the HLI's claim that the land should be valued at P1.2 billion is a red flag that the appellate court could be biased: It didn't even mention the crucial fact that the corporate vehicle for the Cojuangco's ownership of the land, Tadeco, had sold the land to the clan's new corporate vehicle, Hacienda Luisita Corp., at P196.6 million, or P40,000 per hectare.
Marcos Admin Colossal P29 Billion To Be Given To Cojuangcos
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