Country/Term of Office: President of Philippines, 1972-86
Allegedly Embezzled: $5 billion to $10 billion
GDP Per Capita: $912
Source: Transparency International, Global Corruption Report 2004
“Remember that all through history, there have been tyrants and murderers, and for a time, they seem invincible. But in the end, they always fall. Always.”― Mahatma Gandhi
"Those who cannot remember the past are condemned
to repeat it" George Santayana"My father was always one to comment on current events and history, and the conversations I had with him cumulatively over the years gave me a more complete, if not complex, picture of the context in which martial law was declared." Bongbong Marcos
"Bongbong will continue his father's legacy!" Imelda"My father was always one to comment on current events and history, and the conversations I had with him cumulatively over the years gave me a more complete, if not complex, picture of the context in which martial law was declared." Bongbong Marcos
"More than life, I value vindication. When you are at peace with the truth and you know that you are on the side of the right and God is on your side, you are not afraid of anything, including jail." Imelda MarcosFrom New York Times
An enormous leak of confidential financial records has revealed the identities of thousands of wealthy depositors — including European officials and corporate executives, Asian dictators and their children, and even American doctors and dentists — who have stashed immense amounts of money in offshore tax havens.
The leak of records, mainly from the British Virgin Islands, the Cook Islands and Singapore, covers 2.5 million files that disclose proprietary information about more than 120,000 offshore companies and trusts and nearly 130,000 individuals and agents, including the wealthiest people in more than 170 countries.
The International Consortium of Investigative Journalists, a network of reporters that obtained the secret records, collaborated with The Guardian, Asahi Shimbun, Le Monde, The Washington Post and more than 40 other news organizations to untangle and report their contents.
"Insignificant amounts of the loot have been recovered, yet his wife and children were allowed to return and engage in politics." From Lee Kuan Yew’s book “From Third World to First”From ICIJ
Records show late dictator's oldest child, now a Philippine provincial governor, didn't disclose British Virgin Islands trust in asset declarations required for public officials.
Newly uncovered documents link Maria Imelda Marcos Manotoc, the eldest child of the late Philippine dictator Ferdinand Marcos and now a senior political figure in her own right, to two secretive offshore trusts and an offshore company.
The hardworking and popular provincial governor — widely known as Imee Marcos — was one of the beneficiaries of the Sintra Trust, which was formed in June 2002 in the British Virgin Islands, financial records uncovered by the International Consortium of Investigative Journalists (ICIJ) show. Other beneficiaries were Imee Marcos’ adult sons with estranged husband Tomas Manotoc: Ferdinand Richard Michael Marcos Manotoc, Matthew Joseph Marcos Manotoc, and Fernando Martin Marcos Manotoc.
It’s unclear whether the trust remains active. The records obtained by ICIJ show the trust was still active at least as recently as 2010.
The documents show that Imee Marcos was also a financial advisor for the Sintra Trust as well as for a company in which the Sintra Trust was a shareholder, ComCentre Corporation, which was formed in January 2002 in the BVI and is still in operation. The records also show she was a “master client” for the M Trust, formed July 1997 in Labuan, Malaysia, and closed July 2009. Philippines law requires government officials to disclose their assets no matter where they’re held, and Imee Marcos’s disclosure statements do not list the three offshore entities. It is not known what assets they hold, but one Sintra Trust document refers to a bank account with United Overseas Bank Limited, a financial institution headquartered in Singapore. Another record related to ComCentre refers to an account at HSBC.
The Philippines’ Presidential Commission on Good Government is eager to find out if the entities connected to Imee Marcos might contain some of the estimated $5 billion that her father allegedly amassed through corruption. He too held offshore accounts, which the Philippine government has sought to freeze.
Ferdinand Marcos fled the Philippines with his family and their close associates when a revolution toppled his 21-year rule in February 1986. He had been accused of large-scale human rights violations as well as widespread corruption.
Every lie is two lies — the lie we tell others and the lie we tell ourselves to justify it.
From Asian JournalUSA.com
Was Marcos a well-decorated soldier?
John Sharkey of the Washington Post who did an extensive research on the matter did not think so. Jeff Gerth and Joel Brinkley of the New York Times after perusing the War files in the National Archives found out that Marcos’ claims were “fraudulent” and “absurd”. Historian and scholar Dr. Alfred McCoy, while researching a book World War II in the Philippines, discovered the fraudulent Marcos files among hundreds of thousands of documents involving real heroes and fraudulent claimants during World War II.
Army Captain Ray C. Hunt who directed guerilla activities in Pangasinan said, “No way.” The “List of Recipients of Awards and Decorations issued from December 7, 1941 through June 30, 1945” was compiled by the General Douglas MacArthur’s headquarters in Tokyo after the end of the war. Another list of some 120 Americans and Filipinos who were awarded during the Bataan campaign was transmitted to the War Department by General Jonathan Wainwright on April 12 shortly before his surrender. MARCOS WAS NOT on any of the lists.
Many of Marcos’ medals were obtained for heroic actions in Kiangan, Mt. Province while serving in the 14th Infantry under the Command of Colonel Manriquez and Adjutant Captain Rivera. Both attested to fact that Marcos was a non-combatant and just a Civil Affairs officer. They knew of no award that Marcos could have received or had been entitled to.
For 40 years Philippine War records were not available to the public. It was only in the 1980s that many of the documents were eventually accessible to legitimate researchers and scholars. Led by Colonel Bonifacio Gillego assisted by a team from the Movement for a Free Philippines, a study was made on “Marcos: FAKE HERO”. The study was written by Col. Gillego and was published by the Philippine News and the We Forum which Marcos shut down and its Editor and staff writers indicted for “sedition” punishable by death.
After an exhaustive analysis of the medals which Marcos supposedly received, Gillego came up with the following conclusions:
Eleven awards were given in 1963;
Ten were given on the same day (12/20/1963);
Three awards were given in one AFP General Order (12/20/1963);
One award was given in 1972 when he was already President;
Eight are really campaign ribbons which everybody involved in Bataan and the resistance movement (including my barber’s uncle), is entitled to receive;
Awards are duplicated for the same action at the same place on the same day;
One is a Special Award given by the Veterans Federation of the Philippines; and three for being wounded in actions which his own Commandant swore could not have happened.