Global

Sereno vs Marcos revisionism: ‘Kung walang ninakaw, walang na-recover’


SERENOMARCOS

FILE PHOTO

MANILA, Philippines—“Kung walang ninakaw, walang na-recover. Ganun ka-simple lang po.(If there were nothing stolen, there would be nothing recovered. It is that simple).”

That was what former Chief Justice Maria Lourdes Sereno wrote in a Facebook put up on Tuesday (Oct. 12) with hyperlinks to official stories from the Presidential Commission on Good Government (PCGG) on the ill-gotten wealth of the late dictator Ferdinand Marcos, his household, and their cronies.

In hopes to coach the general public amid the wave of pretend information and pretend movies that search to revise the narrative of the Marcos dictatorship and the Marcos household’s greater than 20-year reign, Sereno has been writing prolonged but informative posts, citing credible sources like PCGG stories and Supreme Court choices.

In one in all her most up-to-date posts, Sereno cited annual yearend stories from PCGG from 2016 to 2020, exhibiting particulars of audited and recovered ill-gotten belongings, accounts turned over to the federal government, updates on instances and different belongings nonetheless underneath litigation from the Marcos stash.

The PCGG was created by Executive Order No. 1, the primary edict that the late Corazon Aquino signed shortly after assuming energy after People Power 1, the peaceable revolt that drove the Marcoses into exile in Hawaii in 1986.

The quasi-judicial authorities company is chargeable for the restoration of ill-gotten wealth amassed by the Marcoses and subordinates.

Sereno defined that 4 presidents, excluding the Aquinos—Fidel Ramos, Joseph Estrada, Gloria Macapagal Arroyo and Rodrigo Duterte—have appointed PCGG commissioners.

“Those appointed and have reported that there was P174 billion worth of recovered assets and P125 billion that are yet to be recovered by Duterte appointees,” Sereno stated.

“Please explain this to your friends. I will presume anyone who will still ask [me] about this a troll because I have been talking about this over and over again,” she added.

“They have decided not to check the documents and not to listen to explanations. Thank you for your understanding.”

Marcos loot

In 2016, PCGG reported that it has recovered P170,965,986,144.24 from 1986 to December 2016—out of the estimated P253 billion to P506 billion amassed by the Marcoses through the late dictator’s greater than 20-year rule.

stashfound 10132021

Graphic by Ed Lustan

These have been from Swiss financial institution deposits, shares of inventory and actual property, sale of surrendered properties and belongings—positioned in Naga City, Puerto Galera, Tagaytay, Legazpi the Wigwam Property in Baguio City, and so on.—and work and items of knickknack from the Marcoses and cronies.

hidden 10132021

Graphic by Ed Lustan

The PCGG added that it has remitted P481,953,705.56 in recovered funds and belongings from the Marcoses’ ill-gotten wealth to the National Treasury from January to December 2016. During the identical interval, the PPCGG was aiming to get better P44,433,751,627.04 from 19 instances which have been then pending on the anti-graft court docket Sandiganbayan.

returning 10132021

Graphic by Ed Lustan

In 2017, the PCGG’s complete remittances to the National Treasury reached P377,662,320.81.

However, additionally in 2017, PCGG didn’t promote P336 million price of actual property property recovered from the cronies of the late dictator.

These properties embody:

laundering 10132021

Graphic by Ed Lustan

  • The 26,812.8-hectare (268.1-million sq. meter) Bacolod Real Estate Development Corp. property surrendered to the federal government by Antonio Martel and Simplicio Palanca
  • The 64,669-square meter Independent Realty Corp. property in General Mariano Alvarez, Cavite, surrendered by Jose Campos
  • A 5,952-square-meter lot in Naga City recovered from Roberto Benedicto’s Banahaw Broadcasting Corp.
  • A 2,335-square-meter lot in Francisco Evergreen Subdivision, Tagaytay City
  • A 1,000-square-meter property in Puerto Galera, Oriental Mindoro, and a 300-sqm lot in Calapan City, recovered from Jolly Bugarin
  • The 480-square-meter  Kingswood property in Emerald Court Subdivision, Caloocan City
  • Two 300-square-meter heaps in Pangarap Village, all surrendered by former Marcos aide Alejo Ganut Jr.

These actual property belongings, which have been supposed to assist the PCGG increase P336.014 million, have been already scheduled for public bidding from March to November 2017. But not one of the bidding plans pushed via.

In 2018, PCGG was in a position to remit P105,403,313.78 to the National Treasury. This quantity consists of, amongst others:

pcgg 10132021

Graphic by Ed Lustan

  • P39 million proceeds from San Miguel Corporation (SMC) dividends
  • P24 million proceeds of earnings from Mid-Pasig Land Dev’t. Corp.
  • P20 million proceeds of earnings from Bataan Shipyard and Engineering Corporation (BASECO)
  • P22 million proceeds of rental incomes from varied companies and properties managed by PCGG

In 2019, the Commission was in a position to remit a complete of P491,708,985.00 to the National Treasury, which got here from varied sources together with money recoveries from:

  • Philippine Integrated Meat Corp. (Pimeco) – P100 million
  • Mid-Pasig Land Dev’t. Corp. – P64,576,453.32
  • Contingency fund from the Philippine National Bank (PNB) – P60,775,200.00
  • BASECO – P50,000,000.00
  • SMC money dividend – P38,690,874.60
  • Tacloban properties (leases) – P5,620,037.09
  • Principal and curiosity of funding – P3,206,720.84
  • Galerria de Magallanes – P3,415,926.06
  • Equivalent in property forefeited – P165,043.00

A portion of the money recoveries was from different earnings which included:

  • Interest earned within the escrow fund – P97,112,896.38
  • Sandiganbayan curiosity earnings – P37,909,795.76
  • Coco Levy Fund curiosity earnings – P30,236,038.04

From 1986 to December 2019, the PCGG has recovered a complete of P173,910,300,938.37.

In 2020, the federal government has already recovered P174,230,649,767.76 of Marcos ill-gotten wealth.

An enormous chunk of the recoveries was from the entire collections and remittances to the National Treasury which was price P171,342,598,679.67.

A portion of the cash remitted to the National Treasury was collected to learn the Comprehensive Agrarian Reform Program (CARP), Coconut farmers, Coconut Industry Investment Fund, and human rights victims through the late dictator’s reign.

The breakdown of the PCGG’s complete collections and remittances are as follows:

  • Comprehensive Agrarian Reform Program (CARP) – P78,934,549,093.15
  • Coco farmers, Coconut Industry Investment Fund – P76,471,157,580.12
  • Office of the President (Meralco money dividends) – P4,401,154,675.52
  • Office of the Solicitor General (OSG) – P151,724,582.73
  • PCGG Special Provision – P847,349,781.98
  • Human rights victims – P10,533,000,000
  • General Fund (rental) – P3,662,966.17

Meanwhile, P2,888,051,088.09 of the entire recoveries from 1986 to 2020 have been from the escrow funds from the Marcos stash. The breakdown is as follows:

  • Bureau of Treasury – P1,752,082,732.12
  • Sandiganbayan – P1,131,648,473.03
  • Land Bank of the Philippines – P4,319,882.94

Records as of August this 12 months confirmed that P125,983,539,469.39 price of Marcos belongings, which have been allegedly a part of the household’s ill-gotten wealth, was nonetheless underneath litigation.

This consists of:

  • P96,917,367,519.24 – 914 objects of non-public properties together with work, companies, and so on.
  • P29,066,171,950.15 – 942 objects of actual properties together with condominiums, flats, land, and so on.

Guinness World Records gave the late dictator a title for the “Greatest Robbery of a Government.”

“The government of the Philippines announced on 23 Apr 1986 that it had succeeded in identifying $860.8 million salted away by former President Ferdinand Edralin Marcos (1917-89) and his wife Imelda,” Guinness World Records stated on its web site.

In a separate Facebook put up final Oct. 9, Sereno additional detailed the ill-gotten wealth amassed by the Marcoses. She additionally sought to dispute some incorrect items of information spreading throughout online platforms that have been meant to revise historical past and unfold false information denying that the Marcoses amassed ill-gotten wealth.

BAGO MAGSALITA UKOL SA PAG MOVE-ON ANG SINUMAN, PAG-USAPAN MUNA NG MGA PILIPINO ANG MGA ASSETS NA ITO, KUNG LAHAT NGA AY…

Posted by Meilou Sereno on Saturday, October 9, 2021

Relevant information

Sereno’s collection of social media posts, explaining the information on the unexplained wealth of the Marcos household and their cronies, have been very related—particularly after the late dictator’s son, Bongbong Marcos, filed his certificates of candidacy (COC) for president.

READ: Emergency alert for Marcos Jr.: A reminder apt 49 years ago

According to the previous chief justice, apart from paid trolls, most of those that bash her and her posts have been those that adhere to a “script” to guard Bongbong.

“They use videos from YouTube and Tiktok, which has no authorship and are very easy to fake, to defend [their views],” Sereno stated in Filipino.

On Tuesday (Oct. 12), Sereno known as out a netizen after he left a distasteful touch upon her Facebook put up concerning the Marcoses.

“Warning for Orly Garcia,” Sereno wrote.

“Your threats are against the law. I will ponder on whether I should temporarily stop what I am doing to file a complaint. Whatever my decision is, this is a fair warning for you,” she wrote in Filipino.

WARNING KAY ORLY GRACIA:Ang pagbabanta mo ay labag sa batas. Pag-iisipan ko, kung sulit na itigil ko panandalian ang…

Posted by Meilou Sereno on Monday, October 11, 2021

The netizen, in a while, apologized in a personal message, in response to Sereno.

TSB

Subscribe to our each day e-newsletter

Read Next

Don’t miss out on the most recent information and information. ch like us ch follow us

Subscribe to INQUIRER PLUS to get entry to The Philippine Daily Inquirer & different 70+ titles, share as much as 5 devices, hearken to the information, obtain as early as 4am & share articles on social media. Call 896 6000.



Read More at newsinfo.inquirer.net

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

7 + 12 =

Back to top button