Jul 9, 2010

Marcos' $658-M Swiss bank deposits gone, Bongbong says

MANILA (PNA) - No less than Ferdinand ‘Bongbong’ Marcos, son of the late former President Ferdinand Marcos, revealed on Thursday that the $658 million Swiss bank deposits, believed to be the ill-gotten wealth of the Marcoses, are gone.
Bongbong Marcos, now a senator, revealed this to the Senate media during the weekly Kapihan sa Senado forum.
When asked where is the money which is now held in escrow at the Philippine National Bank, the neophyte senator answered: “I don’t know why it is now gone.”
”What I’ve heard is that the money was used during the 2007 elections. You should look for it. Ask them where is the money because every time I asked them, they cannot answer me,” Marcos said.
Asked if he would initiate an investigation to find the money, Marcos said that the government has problems that should be given priority.
”The problem of the Marcoses is not priority,” he added.
The funds were frozen by the Swiss government after the late dictator Ferdinand Marcos was toppled in a bloodless popular revolt in 1986, and transferred to the escrow account in 1998. Marcos died in exile in Hawaii in September 1989.
The funds are believed to form part of a huge fortune allegedly ransacked by Marcos during his 20-year rule.
Aside from Sen. Marcos, his mother Imelda and sister Imee have been elected in the last May 10 elections, winning as mayor of Laoag City and governor of Ilocos Norte, respectively. (PNA)

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