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The overseas landholdings of the Marcos family, which the Philippine government and the United Nations System's Stolen Asset Recovery Initiative consider part of the $5 billion to $13 billion "ill-gotten wealth" of Ferdinand and Imelda Marcos, are said to be distributed worldwide in places including California, Washington, New York, Rome, Vienna, Australia, Antilles, the Netherlands, Hong Kong, Switzerland and Singapore. These are aside from the fifty-or-so Marcos mansions acquired by the Marcos family within the Philippines itself.
The Marcos family, a political family in the Philippines, owns various assets that Philippine courts have determined to have been acquired through illicit means during the presidency of Ferdinand Marcos from 1965–1986. These assets are referred to using several terms, including "ill-gotten wealth" and "unexplained wealth," while some authors such as Philippine Senator Jovito Salonga and Belinda Aquino more bluntly refer to it as the "Marcos Plunder."
References
- ↑ "George Canseco, 70; songs live 'Ngayon at Kailanman'". Philippine Daily Inquirer. 20 November 2004. Retrieved 22 June 2009.
- ↑ "Kuh Hits Back". BusinessWorld (Philippines). 16 May 2003. Retrieved 22 June 2009.