Blood is thicker than water, they say. The Coco Levy fund which is around P9.8 billion is collected from farmers from 1971 to 1983. It grows to an estimated P93 billion after Danding Cojuangco allegedly invests it in San Miguel Corporation stocks.
Youtube video by; Rappler
[VIDEO]: President Rodrigo Duterte supports a proposed law allowing coconut farmers to benefit from the P74-billion coconut levy fund.
How can people accuse Marcos of spearheading the scam when Danding Cojuangco, Senator Juan Ponce Enrile, and Fidel Ramos support Corazon Cojuangco Aquino during the EDSA revolution? How can they be Marcos cronies?
Cory Aquino’s Role
Cory Aquino organizes the PCGG. Legal battles start when her government seizes assets claimed to be bought using the coco levy fund. It remains in escrow at the UCPB.
Noynoy Aquino’s Part
Cory Aquino’s son Noynoy Aquino orders to transfer it to the government but the SC restrains it citing that a law is needed. The law is not passed until now. President Duterte now turns to the senate to make that happen. The process looks like a business deal and not a government initiative under the late Ferdinand E. Marcos. Why blame him?