Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 hour, 11 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Marcos wealth crops up over ‘deal’ with Duterte
By Manolo B. Jara January 04, 2018
 Print    Send to Friend

MANILA: Controversy over the issue of the unexplained wealth of the late Philippine dictator Ferdinand Marcos estimated at $10 billion, cropped up anew following reports that the Duterte administration has reached a “compromise agreement” with his heirs.

The furore started when a supposed agreement circulated online, drawing denunciations from critics that President Rodrigo “Rody” Duterte, who admitted being close to the Marcoses, was allegedly trying to rewrite history particularly on their illegal wealth as well as rampant human rights violations like killings and other abuses during the dictatorship.

But Salvador Panelo, the chief presidential legal counsel, clarified that his office received a document prepared by lawyer Salvador Panelo, tagged as a “Marcos loyalist,” that proposed, among others, granting immunity to the dictator’s heirs in exchange for the return to the government of part of the unexplained wealth.

Panelo admitted he received the document from Panelo a month after Duterte disclosed that the Marcos family told him they were ready to return part of their wealth for the country’s economic development.

Panelo acknowledged receiving the document from Lozano as a “matter of courtesy and policy” but stressed the government has not acted favourably on the issue.

Harry Roque, the presidential spokesman, also pointed out any compromise agreement between the government and the Marcoses would require approval from the Senate and the House of Representatives.

“It is clear to the president that the decision does not rest on him alone. It is also a decision to be made by Congress because we have a law that punishes those who are guilty of plunder,” Roque said as he reiterated no such deal has been reached.

Former senator Ferdinand “Bongbong” Marcos, the dictator’s only son and namesake, likewise weighed in on the issue as he practically “disowned” Lozano from representing their family.

Bongbong admitted that his family has agreed to return a portion of their alleged ill-gotten wealth as part of a proposed compromise agreement with the government.

But he pointed out that Lozano “does not represent any member of the Marcos family or the estate of the late president Ferdinand Marcos.”

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
2 terrorists killed in Mindanao operation
MANILA: At least two members of the Abu Sayyaf terror group were killed in operations launched by government forces on the island province of Sulu in Mindanao, according ..
UN envoy accepts Duterte’s offer to head foreign office
MANILA: The country’s permanent representative to the United Nations on Friday confirmed he has accepted the offer of President Rodrigo “Rody” Duterte to head the Departm..
6 Cabinet members to run in 2019 polls
MANILA: President Rodrigo “Rody” Duterte confirmed that at least six members of his Cabinet, led by Foreign Secretary Alan Peter Cayetano, have signified their intention ..
House passes resolution for draft Constitution
MANILA: The House of Representatives, dominated by administration supporters, has passed a resolution for a draft Constitution allowing the shift to the federal form of g..
Duterte fires last of Left-leaning official
MANILA: President Rodrigo “Rody” Duterte announced his dismissal of an undersecretary at the Department of Labour and Employment (Dole), who is considered the last of the..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright