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Even the Rich Like the Marcoses are NOT FREE from Loans and Mortgages

wealth

By: Elena Grace Flores


YouTube video by ANC 24/7
PH gov’t loses another ill-gotten wealth case vs Marcoses

Loans and Mortgages

Sandiganbayan’s Second Division already dismisses the P1.052 billion ill-gotten wealth case previously. The case is against Bienvenido Tantoco, Sr., the Marcos couple, among others. This is in connection with the Tantoco clan’s 11 real estate properties in the Philippines, Hawaii, and Rome. Shares of stocks in 19 companies; cash on hand and in a bank; jewelry; notes, loans, and mortgages receivable. Motor vehicles and three Cessna aircraft. Senator Imee Marcos, former Senator Ferdinand “Bongbong” Marcos Jr., Irene Marcos and Constante Rubio, a close associate of the former president are also in the complaint.



Friendly Ties Matters

A martial law survivor sees President Rodrigo Duterte’s close ties with the Marcos family and the lack of Duterte’s support for the Presidential Commission on Good Government as reasons why the agency is not winning any cases. The evidence shown by the PCGG does not constitute public records because the certified true copies are mere photocopies.

The Sandiganbayan Affirms the Dismissal of Another Marcos Case

The Sandiganbayan dismisses earlier the P200-billion forfeiture case against the Marcos family due to lack of evidence. The anti-graft court also junks prior to that a P102-billion ill-gotten wealth case against Ferdinand Marcos and wife Imelda and 11 of their cronies due to the prosecution’s failure to present evidence. Recently, the Sandiganbayan also junks the Philippine government’s appeal on the dismissal of the P267 million ill-gotten wealth case against the Marcos couple and their cronies.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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