Marcos ill-gotten wealth exists – Iloilo gov

By Tara Yap

ILOILO CITY – Iloilo Gov. Arthur Defensor Sr. maintained the govern­ment has proof of the ill-gotten wealth allegedly amassed by the family of for­mer President Ferdinand Marcos.

Iloilo Gov. Arthur Defensor Sr. (PROVINCIAL GOVERNMENT OF ILOILO / MANILA BULLETIN)
Iloilo Gov. Arthur Defensor Sr. (PROVINCIAL GOVERNMENT OF ILOILO / MANILA BULLETIN)

“I brought back $500 million, which I recovered from the Swiss banks. The deposits were in the name of the Marcos family. That is just one example,” em­phasized Defensor, a former commis­sioner of the Presidential Commission on Good Government (PCGG).

Defensor was reacting to the state­ments of President Duterte that the government has not yet proven the ill-gotten wealth of Marcos.

“I don’t know what they mean, there is no proof,” added Defensor.

The PCGG has reportedly recovered more than R170 billion of the alleged R500 billion ill-gotten wealth of the Marcos family and their cronies.

Defensor had recalled that during his time, PCGG tried to track down the bank accounts of the Marcoses and their cronies in France, Holland, Lichtenstein, Spain, Morocco, Hong Kong, Singapore, Australia, and the United States.

As commissioner, Defensor also interviewed individuals who claimed they knew where Marcos deposited the money and gold bars. But once the PCGG team arrived, they found out the money had been withdrawn prior to the 1986 People Power revolution.

 
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