Word: salonga
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Dates: during 1980-1989
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...documents arrived at the office of New York Democrat Stephen Solarz, chairman of the House Subcommittee on Asian and Pacific Affairs, in three bulging brown folders. Hours before, at the State Department, an identical package had been delivered to Jovito Salonga, head of the official Philippine commission charged with recouping the scattered wealth of deposed President Ferdinand Marcos and his free-spending wife Imelda. In all, the 2,300 pages formed an intriguing if incomplete treasure map of the vast fortune that Marcos, his family and cronies command. The cache only confirmed much of what Salonga had already unearthed among...
...added to the mounting evidence of Marcos' misdeeds, including apparent fraud, corporate kickbacks and attempted embezzlement of U.S. aid. The incriminating material, which Marcos brought with him to Hickam Air Force Base in Hawaii when he fled, became available after more than two weeks of legal wrangling among Solarz, Salonga and Marcos' lawyers. The maneuvering gave the Philippine government a foretaste of what it will face in the months, and perhaps years, ahead as it tries to recover the former leader's riches. The jockeying was also an early test of relations between President Reagan, who has personally pledged...
...strains between Aquino and the military could grow as the results of Salonga's Good Government investigation roll in. Privately, one pro-Aquino assemblyman suggested that the commission exercise prudence and not recklessly disturb Enrile, who served Marcos for more than 20 years. If the Defense Minister finds himself entangled in some complex commission investigation, say some Aquino supporters, Enrile, who oversees the country's 230,000-strong military, could easily do to Aquino what he did to Marcos: desert her government and move to establish...
...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...