MANILA, Philippines - The Supreme Court has ruled that the stake of businessman Eduardo "Danding" Cojuangco in diversifying conglomerate San Miguel Corp. was not acquired using coco levy funds.

In a 73-page decision penned by Associate Justice Lucas Bersamin, the Court en banc dismissed the petition filed by the Presidential Commission on Good Government (PCGG), seeking the reversal of the 2007 Sandiganbayan ruling, which declared that Cojuangco did not use coco levy funds to acquire 20% of San Miguel.

The Supreme Court said the government, through PCGG, failed to present evidence that would substantiate its allegation that Cojuangco’s shares in San Miguel are part of the ill-gotten wealth of late dictator Ferdinand Marcos and his family.

At the same time, it affirmed Sandiganbayan's order lifting the writ of sequestration over the said block of shares, saying this did not constitute grave abuse of discretion.

You may find below the votes of the Justices, as well as the promulgation and dissenting opinion.

PCGG petition on reversal of 2007 Sandiganbayan ruling on coco levy funds: HOW THE JUSTICES VOTED

CORONA, Renato Chief Justice		CARPIO, Antonio		CARPIO-MORALES, Conchita
Vote to dismiss case		Abstained One of the petitioners to declare the coco levy fund public funds		Dissenting vote
VELASCO, Presbitero		NACHURA, Eduardo		LEONARDO-DE CASTRO, Teresita
Vote to dismiss case		Abstained Signed pleadings pertaining to the coco levy funds during his stint as solicitor general		Vote to dismiss case
BRION, Arturo		PERALTA, Diosdado		BERSAMIN, Lucas
Dissenting vote		Abstained		Vote to dismiss case; Ponente
DEL CASTILLO, Mariano		ABAD, Roberto		VILLARAMA, Martin Jr.
Vote to dismiss case		Vote to dismiss case		Vote to dismiss case
PEREZ, Jose		MENDOZA, Jose		SERENO, Maria Lourdes
Vote to dismiss case		Dissenting vote		Dissenting vote

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Decision (Bersamin, ponente)
Disenting Opinion (Carpio-Morales)
Dissenting Opinion (Brion)