Billions of dollars embezzled by the Marcoses

 Tarzan’s Post 4-291021

Billions of dollars embezzled by the Marcoses

After Mohamed Suharto of Indonesia, the late President Ferdinand Marcos was listed No. 2 most corrupt leader of the world according to Transparency International report in 2004.

On October 12, 2021 former Chief Justice of the Supreme Court Maria Lourdes Sereno said on Facebook that ‘Kung walang ninakaw, walang na-recover.’ According to her, the amount recovered by Presidential Commission on Good Government (PCGG) from Dictator Ferdinand Marcos, his family, and their cronies was P174 billion worth of assets out of the estimated P253 billion to P506 billion of ill-gotten wealth. 

On December 5, 2018 Rappler reported that Imelda Marcos posted P300,000 post-conviction bail, a pittance compared to the $200 million worth of foundations, for her temporary freedom. “The 89-year-old Marcos was convicted of 7 counts of graft for illegally creating and maintaining Swiss foundations for the ‘private benefit’ of the former first family.”

On December 16, 2019 the “Sandiganbayan dismissed Civil Case No. 0002 allowing the entire Marcos family to keep P200 billion in alleged ill-gotten wealth” because the documents submitted by PCGG were ‘mere photocopies.’

By technicality the government and the Filipino people lost this huge amount. 

The foregoing are facts that few voters know, and that Marcos loyalists stubbornly refuse to accept.

Money is not the only advantage of presidential candidate Ferdinand Marcos Jr. After 30 years from exile the Marcoses have successfully deodorized their worldwide rotten image by directly or indirectly revising history, winning in elections, and avoiding imprisonment. Hiring trolls is the most cost-effective way to promote the image of the Marcoses and destroy the reputations of political opponents. In addition, the residual popularity of the Marcoses, especially among their loyalists, has endeared them among the innocent young ones who, unaware of the thousands killed, tortured and jailed during the 20-year Marcos regime, wrongly perceive the Marcos government as the best in the last 55 years.

Aside from power and the-feeling-of-being-royalty, the Marcoses want to return to Malacañang to keep their billions intact, possibly further embezzle our hard-earned taxes, avoid more lawsuits, and refuse the payment of real estate taxes. 

If we want to stop this notorious family from returning to Malacañang, then we need to maximize our involvement and participation in social media, print media, television, radio, telephone, and interaction with fellow voters to spread the truth and inform them about the true and shameless Marcoses. 

This is the time to kneel and storm heaven with our prayers so that our God would give our misguided and ill-informed fellow Filipinos wisdom to discern and choose the most deserving presidential candidate who could lead us to a much better Philippines starting July 2022.

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