|
|
|
|
|
Written by Administrator
|
|
Tuesday, 22 April 2008 |
|
Much has been said about the late President Ferdinand Marcos being the world's richest man. While this title was not officially designated to Marcos, the late dictator, however, was known as the man who took away the largest loot in history. While deposed President Joseph Estrada faces plunder charges for allegedly amassing some US$82 million in kickbacks and payoffs during his 31-month stint at Malacanang Palace, Marcos had reportedly stolen billions of dollars. There were different versions of the fabled Marcos wealth.
The fabled Marcos wealth reportedly consists of billions of dollars and tons of gold bullions deposited in several banks in Switzerland. Government lawyers claimed that Marcos had used dummy foundations to hoard his wealth. Among such foundations that the Presidential Commission on Good Government (PCGG) had identified are Sandy, Xandy, Wintrop, and Rayby.
Former Senate President Jovito Salonga, who served as the first PCGG chairman under the Aquino administration said the agency had identified 51 Marcos bank accounts in Switzerland, 23 of which are in Credit Suisse; 3 at Swiss Bank Corporation in Fribourg; 15 in Swiss Bank Corporation in Geneva; 6 at Banque Paribas in Geneva; 3 at Hoffman in Zurich; and one each at Lombard Odeii and Trade Development Bank in Geneva.
According to former Solicitor General Francisco Chavez, the Marcos family still keeps some US$13.4 billion in deposits at the Union Bank of Switzerland under the account of Irene Marcos-Araneta, on top of a hoard of 1.241 tons of gold at an underground bunker at Kloten Airport in Zurich. Chavez also disclosed that former First Lady Imelda Marcos has 800,000 ounces of gold in unfrozen accounts in Switzerland.
Before this, Australian private investigator Reiner Jacobi, who served as a PCGG consultant in 1989, had unraveled the so-called Irene Araneta account and even went to the extent of claiming that the Marcoses had a US$250-billion gold hoard in Switzerland. The PCGG, however, described Jacobi's claims as exaggerated and too fantastic.
In October 1999, Filipino businessman Enriquez Zobel, a known crony of the late president told a Senate committee that the Marcos wealth could have swollen to US$100 billion in gold and dollar deposits, the bulk of which is deposited with the US Treasury. In his sworn testimony, Zobel said the Marcos wealth is distributed to gold deposits, dollar accounts, and real estate properties located in various parts of the world.
The Marcos gold deposits alone, Zobel said, may have reached US$35 billion. Zobel had also mentioned the US$13.4 billion Irene Marcos Araneta account at the Union Bank of Switzerland. The gold bars are allegedly kept in various banks in Portugal, Vatican City, Switzerland, Spain, Germany, Solomon Island, and the US. Zobel said Marcos obtained the gold bars after the Liberation (1946) from the Yamashita treasure and from soldiers who sold their gold bars for only US$20 per bar. Another version was that of Rogelio Roxas who claimed that Marcos' men seized the real golden buddha from his house at Aurora Hills in Baguio City on April 5, 1971. The buddha reportedly costs billions of dollars.
In February 2001, the Philippine Daily Inquirer disclosed the alleged attempt of Irene Marcos Araneta to launder billions of dollars in deposits under the 885931 accounts from Union Bank of Switzerland to Deutsche Banks in Dusseldorf, Germany. Aside from the Marcos family and the Philippine government, the 9,539 victims of human rights under the Marcos regime have interest in the Marcos wealth.
|
|
|
Related Items
|
