Forum Support Tommy T. Posted October 27, 2019 Forum Support Posted October 27, 2019 Just another update about the lost $$$ courtesy of the Marcos regime? The Philippine government has lost a decades-old legal effort to seize millions of dollars from the estate of former dictator Ferdinand Marcos, a court said Friday, accusing state prosecutors of failing to produce admissible evidence. Lawyers had submitted “defective” evidence consisting mostly of poor-quality photocopies, some of which were no longer readable, Justice Alex Quiroz of a special anti-graft court said in a release of the October 14 decision. The ruling was another blow to efforts to recover the late dictator’s alleged ill-gotten wealth after the court also ruled in favor of Marcos’s estate on another multi-million-dollar case in September. After a bloodless “people power” revolt chased Marcos into US exile in 1986, the Philippines launched a global bid to recover at least $10 billion in assets that the Marcoses and their cronies acquired using funds allegedly stolen from state coffers over his 20-year rule. It has recovered 172.6 billion pesos ($3.4 billion at current market rates) so far, according to the government agency tasked with tracking down the assets. A lawyer for the Marcos family declined to comment, while President Rodrigo Duterte’s spokesman Salvador Panelo said his government does not interfere with the courts. The office of the Ombudsman that handles hidden wealth cases did not respond to an AFP request for comment. About a dozen forfeiture cases against the Marcoses have yet to be resolved. The heirs returned to the Philippines after the patriarch died in exile in Hawaii in 1989, later getting themselves elected to congressional seats and local posts. Rodrigo Duterte’s election in 2016 cemented their comeback as the government gave the ex-president’s remains a hero’s burial and publicly floated the idea of winding down the hunt for his hidden wealth. “We all know that the Duterte government is very hospitable, to say the least, to the Marcoses,” said Bonifacio Ilagan, one of thousands imprisoned during the dictator’s rule and now spokesman of a citizens coalition seeking to prevent the Marcoses from regaining the Philippine presidency. In a rare legal setback last year, a court sentenced Imelda Marcos to at least six years in prison for each of the seven charges that the family funneled roughly $200 million of embezzled funds through Swiss foundations decades ago. However, she remains free on bail after filing an appeal with the Supreme Court. 2 1 Link to comment Share on other sites More sharing options...
Arizona Kid Posted October 27, 2019 Posted October 27, 2019 3 hours ago, Tommy T. said: Just another update about the lost $$$ courtesy of the Marcos regime? The Philippine government has lost a decades-old legal effort to seize millions of dollars from the estate of former dictator Ferdinand Marcos, a court said Friday, accusing state prosecutors of failing to produce admissible evidence. Lawyers had submitted “defective” evidence consisting mostly of poor-quality photocopies, some of which were no longer readable, Justice Alex Quiroz of a special anti-graft court said in a release of the October 14 decision. The ruling was another blow to efforts to recover the late dictator’s alleged ill-gotten wealth after the court also ruled in favor of Marcos’s estate on another multi-million-dollar case in September. After a bloodless “people power” revolt chased Marcos into US exile in 1986, the Philippines launched a global bid to recover at least $10 billion in assets that the Marcoses and their cronies acquired using funds allegedly stolen from state coffers over his 20-year rule. It has recovered 172.6 billion pesos ($3.4 billion at current market rates) so far, according to the government agency tasked with tracking down the assets. A lawyer for the Marcos family declined to comment, while President Rodrigo Duterte’s spokesman Salvador Panelo said his government does not interfere with the courts. The office of the Ombudsman that handles hidden wealth cases did not respond to an AFP request for comment. About a dozen forfeiture cases against the Marcoses have yet to be resolved. The heirs returned to the Philippines after the patriarch died in exile in Hawaii in 1989, later getting themselves elected to congressional seats and local posts. Rodrigo Duterte’s election in 2016 cemented their comeback as the government gave the ex-president’s remains a hero’s burial and publicly floated the idea of winding down the hunt for his hidden wealth. “We all know that the Duterte government is very hospitable, to say the least, to the Marcoses,” said Bonifacio Ilagan, one of thousands imprisoned during the dictator’s rule and now spokesman of a citizens coalition seeking to prevent the Marcoses from regaining the Philippine presidency. In a rare legal setback last year, a court sentenced Imelda Marcos to at least six years in prison for each of the seven charges that the family funneled roughly $200 million of embezzled funds through Swiss foundations decades ago. However, she remains free on bail after filing an appeal with the Supreme Court. Do you really think that the Filipino people will ever get ANY of the money back? Neck brace time..wheelchair time! And the cronies are laughing all of the way to the bank! Wait..I have an idea..let's build a nuclear power station in the Phills that is on top of an earthquake fault line. Haha 1 1 Link to comment Share on other sites More sharing options...
Forum Support Tommy T. Posted October 27, 2019 Author Forum Support Posted October 27, 2019 No... it will never happen... the money is long gone... 1 Link to comment Share on other sites More sharing options...
Jack D Posted October 27, 2019 Posted October 27, 2019 9 hours ago, Tommy T. said: No... it will never happen... the money is long gone... Yes! Gone forever from the people of the Philippines, but the Marcos family still has access to most of it. JMHO 1 1 Link to comment Share on other sites More sharing options...
jimeve Posted October 28, 2019 Posted October 28, 2019 16 hours ago, Arizona Kid said: Do you really think that the Filipino people will ever get ANY of the money back? Neck brace time..wheelchair time! And the cronies are laughing all of the way to the bank! Wait..I have an idea..let's build a nuclear power station in the Phills that is on top of an earthquake fault line. Haha They probably have 1 Link to comment Share on other sites More sharing options...
Gary D Posted October 28, 2019 Posted October 28, 2019 20 minutes ago, jimeve said: They probably have Yes it's at Morong Bataan. Built by Westinghouse. 1 Link to comment Share on other sites More sharing options...
Arizona Kid Posted October 28, 2019 Posted October 28, 2019 5 hours ago, Gary D said: Yes it's at Morong Bataan. Built by Westinghouse. Yes I know. I was being sarcastic. Link to comment Share on other sites More sharing options...
Arizona Kid Posted October 28, 2019 Posted October 28, 2019 One thing left to say about this subject. If Filipinos are naive enough to vote members of a family into government service, that raped them out of billions that could have made their life better..They deserve what the asked for! 1 Link to comment Share on other sites More sharing options...
Gary D Posted October 28, 2019 Posted October 28, 2019 1 hour ago, Arizona Kid said: One thing left to say about this subject. If Filipinos are naive enough to vote members of a family into government service, that raped them out of billions that could have made their life better..They deserve what the asked for! The people trying to vote them back in are the ones that did quite well during that time. 1 1 Link to comment Share on other sites More sharing options...
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