In 1983, Cojuangco acquired a 20% stake in San Miguel Corporation, which the Presidential Commission on Good Government later said he did using the windfalls from the coconut levy fund and United Coconut Planters Bank. Another 27% was placed under the name of the Coconut Industry Investment Fund Oil Mills Group (CIIF), funded through the coco levy. In 1986, all of these assets were sequestered by the Presidential Commission on Good Government after the Marcos Administration had been ousted. In April 2011, the Philippines' Supreme court affirmed Cojuangco to be the owner of the 20% shares in SMC (reduced to about 17% by then because of SMC's expansion since 1983) which he had purchased through the loan from UCPB.