- Philippine world boxing champion Manny Pacquiao has won a Supreme Court reprieve in his battle to avoid paying tens of millions of dollars in extra taxes, authorities said Thursday.
Pacquiao will not have to post a cash bond of 3.3 billion pesos ($75.2 million) and the government is banned from seizing any of his assets while his income tax case is being heard, according to a Supreme Court ruling.
The ruling, handed down this week and sent to AFP by court spokesman Theodore Te on Thursday, also ordered the proceedings be carried out more quickly as they began last year and are still in the pre-trial stage.
Pacquiao expressed relief at the ruling. "Let us now let the legal process take its course. For now, I am just glad I will be able to concentrate on training," he said in a statement.