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Though born a Filipino, Malabed is now an American citizen living in San Francisco and therefore could have contributed to U.S. political coffers without arousing suspicion. According to the documents, the source of Mabuhay's beneficence was Philippine military intelligence. On paper, only a fraction of the corporation's funds went into U.S. campaign coffers. Most of the money bankrolled travel for the Marcos family. In 1981, for example, Imelda Marcos spent $800,000 on "official" visits to Iraq, Kenya, Mexico and the U.S.--all at the expense of the military. Noted Congressman Solarz: "Imelda used the Philippine intelligence budget...

Author: /time Magazine | Title: The Philippines Chasing Marcos' Millions | 3/31/1986 | See Source »

...freshly minted pesos and 278 crates of jewelry, artworks, gold and real estate deeds. That cache last week became the centerpiece in a tug-of-war between Marcos and the new government of Corazon Aquino, which claimed that the loot and other Marcos wealth abroad legally belonged to the Filipino people. The Reagan Administration found itself caught between its desire to help the fledgling Aquino government and its promise to provide Marcos with a dignified exile. "These are complicated questions," said State Department Spokesman Bernard Kalb of the treasure hunt. "We are sorting them out step by step...

Author: /time Magazine | Title: The Philippines Digging for Treasure | 3/17/1986 | See Source »

...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...

Author: /time Magazine | Title: The Philippines Digging for Treasure | 3/17/1986 | See Source »

...federation of 1,000 "cause-oriented" groups, joined the outlawed National Democratic Front, the Communist Party's political arm, in boycotting the election. Last week the N.D.F. criticized Aquino's Cabinet choices but admitted in a press statement that the ouster of Marcos was a "significant victory in the Filipino people's struggle for genuine democracy and national independence." Bayan announced that it planned to play a "watchdog" role, apparently without sabotaging Aquino's efforts. But it was not lost on Bayan leaders that their absence from the Aquino campaign rules out a share of the spoils. Said...

Author: /time Magazine | Title: The Philippines Now the Hard Part | 3/10/1986 | See Source »

...abandon its military bases at Clark and Subic Bay Naval Station. There appears to be little danger of that, however. In a speech last month before the joint Philippine and foreign Chambers of Commerce, Aquino promised that she would consult other nations in the region and "especially" the Filipino people before signing any new treaty. Since then, she has repeatedly maintained that she would honor the present agreement until it expires in 1991, and between now and then keep her options open. As the campaign progressed, Aquino scored points in Washington, first for showing savvy and resilience on the stump...

Author: /time Magazine | Title: The Philippines Now the Hard Part | 3/10/1986 | See Source »

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