Professional Documents
Culture Documents
In September 1972, Ferdinand The rising disorder caused by The alleged threats of communist
Marcos has declared Martial law to increasingly violent student insurgency by the new Communist
be the last defense against: demonstration. Party of the Philippines (CPP).
Abuses?
While thousands of people consider
the Marcos years as the darkest
time in Philippine history, his
family and loyalists are using
mainly social media (TROLL
FARMS) as a platform to foist their
version of history on the rest of the
nation.
In 1986, over a million Filipinos took to the streets to overthrow the
corrupt and brutal regime of President Ferdinand Marcos. It was called
the People Power Revolution.
Why was She stood against Marcos in a snap presidential election in 1986. But
Marcos when Marcos was declared the winner amid massive electoral fraud,
huge protests began.
overthrown? The protestors were supported by the Catholic Church under the
guidance of Cardinal Jaime Sin. Eventually, senior members of the army
rebelled against Marcos.
Filipinos poured onto the streets to protect the rebel army officers. Loyal
troops refused to fire on the crowds. After four days of mass
Marcos Stolen
Wealth
Proven or Fiction?
1. SWISS ACCOUNT
a. 1997 The Swiss Federal Court ordered Marcos’ hidden wealth Swiss accounts be
returned to the Philippine government.
Marcos Proven
I’ll Gotten b. JULY 2003, the Philippine Supreme Court ordered the forfeiture of the returned Swiss
funds, which were then remitted to the Philippine Treasury amounting to $658 million. The
court ruled that anything in excess of the Marcos’ total legal income of $304, 372.43 from
c. JANUARY 2011, the US District of Hawaii awarded $10 million to 7,526 Martial Law
Rulings victims. The amount came from the settlement with owners of supposed Marcos’s
properties in Texas and Colorado. The claimants started receiving their compensation in
tranches beginning March 2011.
d. Singapore’s Supreme Court ruled that Marcos’s remaining Swiss funds amounting to $23
million that was stored in WestLB Singapore belonged to the PNB as trustee of the
Philippine government. The decision became final after it was upheld by the Singapore
Court of Appeal in December 2013.
2. ARELMA ASSETS
Rulings
b. APRIL 2012, the Supreme Court affirmed the Sandiganbayan
ruling and later denied a reconsideration plea by the Marcoses.
3. DEPOSED PROPERTIES
d. SEPTEMBER 2014, the PCGG is set to bid out three more sequestered
properties in North Greenhills, San Juan; Valle Verde in Pasig: and Capitol
Hills in Quezon City.
4. JEWELRY AND PAINTINGS
a. NOVEMBER 2013, the New York District Attorney convicted of tax fraud Vilma
Marcos Proven
Bautista, the social secretary of Imelda Marcos who sold missing artworks owned
by the Marcoses, including a Claude Monet that was bought for US$ 15 million.
Ownership of the four paintings and the assets bought from the sale still has to be
Wealth and Court b. JANUARY 2014, the Sandiganbayan ordered that a jewelry collection of Imelda
Marcos (or the Malacanaang collection) valued between $110,055 to $153,089 be
Source: INFOGRAPHIC: The hunt for the Marcos ill-gotten wealth Published
September 21, 2014.
How and When It Was Acquired?
Kickbacks and
Direct raiding of the Issuance of Presidential
commissions from
public treasury and Decrees or orders,
enterprises doing
Government Financing enabling cronies to
business in the
Institutions; amass wealth;
Philippines;
Use of shell
Skimming off of Hiding wealth in
corporations and
Foreign Aid and other overseas bank accounts
dummy companies to
forms of International using pseudonyms or
launder money
Assistance; and code names.
overseas;