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Engr.

Ano masasabi mo sa mag asawang cayetano, both running for congressmen pero sa magkaibang distrito sa taguig?

After 30 years, people realise that Marcos is the best because of his Vision.

His infrastructure is unmatched , only President Duterte can outdo him with his build build program.

After 30 years, people realise that Marcos is the best because of his Vision.

His infrastructure is unmatched , only President Duterte can outdo him with his build build program.

Ayaw tanggapin ba..........................

The 10 Most Corrupt World Leaders of Recent History
https://integritas360.org/2016/07/10-mo ... d-leaders/

2. Ferdinand Marcos, President of the Philippines (1965 – 1986)
Amount Embezzled: $5 billion to $10 billion | Years in Office: 21

President Marcos of the Philippines: Claiming to be the country’s ‘most decorated war hero’ (a title now discredited, with only 3 of the 27 medals he claimed to have been awarded during the Second World War shown to be true), Ferdinand Marcos was elected the 10th President of the Philippine’s in 1965. In September 1972, mid-way through his second term, fears of a communist takeover resulted in Marcos dissolving Congress and declaring martial law. It stayed in place for the next decade. He was finally ousted by the People Power Revolution in February 1986, and fled to the United States, where he lived in exile until his death in Hawaii three-and-a-half years later.

During his 21 years in power, the Philippines became one of the most heavily indebted countries in Asia. External debts increased from $360 million (in 1962) to $28 billion (by 1986). Wages fell by roughly one third, and the number of people living below the poverty line almost doubled (from 18 million to 35 million).

Over the same period, Marcos is alleged to have embezzled between $5 billion and $10 billion. According to the World Bank, the bulk of this wealth was accumulated through six key channels: takeover of large private enterprises; creation of state-owned monopolies in key sectors of the economy; awarding of government loans to private individuals acting as fronts for Marcos or his associates; directly raiding the country’s treasury and other government financial institutions; kickbacks and commissions from firms working in the Philippines; and skimming off foreign aid and other forms of international assistance. The proceeds were laundered through shell corporations, then invested in real estate within the United States; or deposited into various domestic and offshore banking institutions, using a mixture of pseudonyms, numbered accounts and code names.

Known for their lavish living, an inventory of assets left at the Malacanang Palace in Manila (taken soon after their exile) included over a thousand pairs of shoes belonging to the First Lady, 888 handbags, 71 pairs of sunglasses and 65 parasols. On their arrival in the United States, jewellery, now valued at over $21 million, was seized by the US Bureau of Customs and returned to the Philippines. Currently being used as a “virtual exhibit” in an online anti-corruption campaign, the current government has recently announced plans to auction if off.

While Imelda Marcos was found guilty on corruption charges in the mid-1990s and sentenced to a minimum of 12 years in prison, the conviction was overturned on appeal. She is currently a member of the House of Representatives, while her son, Ferdinand Jr., is a Senator (having recently failed in his bid to become the country’s Vice President in the May 9 presidential polls). Her daughter, Imee, is the governor of their home province, Ilocos Norte.

Return of assets: Since its inception in 1986, The Presidential Commission on Good Government (PCGG), a quasi-judicial agency established to recover the ill-gotten wealth accumulated during the Marcos regime, has managed to recover nearly $3.6 billion in assets. Included in this is $688 million returned by Switzerland in 2004. The total costs incurred in achieving this have been around $61 million. If civil asset recovery cases still pending in Switzerland, the Philippines, Singapore and the United States are successful, recovery efforts could reach $4.2 billion by the time the PCGG winds-up.