Word: aquinos
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...Manila, where Marcos stopped before traveling to Guam and then to Hawaii, U.S. military personnel loaded the President's possessions after only a cursory inspection. Marcos claimed last week that he had originally intended to fly from Clark to his home province of Ilocos Norte. Only when the Aquino government refused to let him stay in the Philippines did he accept President Reagan's invitation to come to the U.S. The Aquino government last week acted to restrict Marcos' future travels. It revoked the passports of the former strongman and his entourage, making it difficult for them to leave...
...riches seized in Hawaii may be modest in comparison with the real estate, foreign bank accounts and other hidden wealth allegedly controlled by Marcos and his family. Jovito Salonga, 65, head of Aquino's Presidential Commission on Good Government, which has been charged with recouping the fortune, estimated Marcos' assets at between $5 billion and $10 billion. Even the lower figure greatly exceeds the Philippines' 1985 government budget of $3.1 billion. During his tenure as President, Marcos received an annual salary...
According to Salonga, the Aquino government found "smoking gun" documents at Malacanang Palace, the presidential residence, that link Marcos with bank deposits in Brazil, Switzerland and the Bahamas, as well as with property in the U.S. Salonga said the papers prove that Marcos used intermediaries to buy properties in New York, including a shopping complex in Manhattan and a posh estate on Long Island. Total value: approximately $350 million...
...Aquino government last week obtained a temporary restraining order in the New York State Supreme Court barring the transfer or sale of the buildings until March 19. There were allegations that Marcos had claim to vast holdings in Tarrant County, Texas, and San Diego County, Calif. And late last week Filipino bankers, lawyers and government officials charged that Marcos had received the better part of an $80 million payment in 1976 from Westinghouse Electric in connection with a lucrative contract to build the first Philippine nuclear power plant...
While the struggle over the missing millions was going on, President Aquino also had to deal with more routine government business. Last week she kept her campaign pledge by releasing all known political prisoners of the Marcos era. Among them were were Jose Maria Sison, 47, founder and former chairman of the outlawed Communist Party; Bernabe Buscayno, 42, the alleged founder of the New People's Army, the party's guerrilla arm; and two members of a rebel hit squad. The four reputed Communists were freed over the objections of Defense Minister Juan Ponce Enrile and Chief of Staff Fidel...