The term behest loan refers to a loan granted to individuals or corporations favored by a powerful government official despite their lack of qualifications to receive such a loan. It is a mechanism for graft and political corruption particularly used in authoritarian regimes, where financial institutions such as banks are placed under intense pressure to approve such loans "at the behest" of high officials. [1] [2] The term has historically been most associated with the cronies of former Philippine president Ferdinand Marcos, [3] [4] [5] although other officials have also been accused of engaging in the practice. [6]
Ferdinand Emmanuel Edralin Marcos Sr. was a Filipino politician, lawyer, dictator, and kleptocrat who was the 10th president of the Philippines from 1965 to 1986. He ruled under martial law from 1972 until 1981 and kept most of his martial law powers until he was deposed in 1986, branding his rule as "constitutional authoritarianism" under his Kilusang Bagong Lipunan. One of the most controversial leaders of the 20th century, Marcos' rule was infamous for its corruption, extravagance, and brutality.
The president of the Philippines is the head of state and the head of government and chief executive of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines.
Imelda Romualdez Marcos is a Filipino politician who served as the First Lady of the Philippines from 1965 to 1986, wielding significant political power during the dictatorship of her husband, former president Ferdinand Marcos. She is the mother of current president Bongbong Marcos.
Ferdinand "Bongbong" Romualdez Marcos Jr., commonly referred to by the initials PBBM or BBM, is a Filipino politician who is the 17th and current president of the Philippines. He previously served as a senator from 2010 to 2016. He is the second child and only son of former president and dictator Ferdinand Marcos Sr. and former first lady Imelda Romualdez Marcos.
The San Juanico Bridge is part of the Pan-Philippine Highway and stretches from Samar to Leyte across the San Juanico Strait in the Philippines. Its longest length is a steel girder viaduct built on reinforced concrete piers, and its main span is of an arch-shaped truss design. Constructed during the administration of President Ferdinand Marcos through Japanese Official Development Assistance loans, it has a total length of 2.16 kilometers (1.34 mi)—the second longest bridge spanning a body of seawater in the Philippines after Cebu-Cordova Bridge.
The Bataan Nuclear Power Plant is a nuclear power plant on the Bataan Peninsula, 100 kilometres (62 mi) west of Manila, Philippines. Completed but never fueled, it is located on a 3.57 km2 (1.38 sq mi) government reservation at Napot Point in Morong, Bataan. It was the Philippines' only attempt at building a nuclear power plant. It was mothballed due to safety concerns in the wake of the Chernobyl disaster in Ukraine in 1986 and issues regarding corruption. Additionally, The Letter of Instruction No. 957, s. 1979 was signed by the late President Ferdinand Marcos and was published on November 13, 1979, in which it states that the continuation of the construction was not possible due to potential hazards to the health and safety of the public.
Pacífico Edralín Marcos was a Filipino physician and known younger brother of former President of the Philippines Ferdinand E. Marcos.
The history of the Philippines, from 1965 to 1986, covers the presidency of Ferdinand Marcos. The Marcos era includes the final years of the Third Republic (1965–1972), the Philippines under martial law (1972–1981), and the majority of the Fourth Republic (1981–1986). By the end of the Marcos dictatorial era, the country was experiencing a debt crisis, extreme poverty, and severe underemployment.
Martial law in the Philippines refers to the various historical instances in which the Philippine head of state placed all or part of the country under military control - most prominently during the administration of Ferdinand Marcos, but also during the Philippines’ colonial period, during the second world war, and more recently on the island of Mindanao during the administrations of Gloria Macapagal Arroyo and Rodrigo Duterte. The alternative term "Martial Law Era" as applied to the Philippines is typically used to describe the Marcos martial law period specifically.
The Presidency of Corazon Aquino began following the triumph of the peaceful People Power Revolution when Corazon Aquino became President of the Philippines, and spanned a six-year period from February 25, 1986, to June 30, 1992.
The Presidential Commission on Good Government (PCGG) is a quasi-judicial government agency of the Philippines whose primary mandate is to recover the ill-gotten wealth accumulated by Ferdinand Marcos, his immediate family, relatives, subordinates and close associates, whether located in the Philippines or abroad. It was created by President Corazon Aquino shortly after she was sworn in as president in the aftermath of the 1986 People Power revolution. In addition to recovering the Marcos wealth, it is also tasked with investigating other cases of graft and corruption; and instituting of corruption prevention measures.
The Marcos Japanese ODA Scandal, referred to in Japan simply as the Marukosu giwaku (マルコス疑惑), or "Marcos scandal", refers to incidents of alleged corruption linked to Japanese Official Development Assistance to the Philippines during Philippine president Ferdinand Marcos' administration.
The term "edifice complex" was coined in the 1970s to describe Philippine First Lady Imelda Marcos' practice of using publicly funded construction projects as political and election propaganda.
Rodolfo Cuenca, sometimes known by his nickname, Rudy Cuenca, is a Filipino businessman best known as the former chairman of the Construction and Development Corporation of the Philippines (CDCP), which is known today as the Philippine National Construction Corporation. He was a close associate of Ferdinand Marcos, and is noted not to be embarrassed by "his much-criticized close association with Marcos and his being tagged as a crony."
Roberto Salas Benedicto was a Filipino lawyer, ambassador, diplomat, and banker historically most remembered as a crony of President Ferdinand Marcos. Benedicto owned Philippine Exchange Company, the Philippines Daily Express, Radio Philippines Network (RPN), Banahaw Broadcasting Corporation (BBC) and Intercontinental Broadcasting Corporation (IBC). Benedicto was the Philippines' ambassador to Japan from 1972 to 1978.
Certain associates of former Philippine President Ferdinand Marcos, historically referred to as the Cronies of Ferdinand Marcos or using the catchphrase "Marcos cronies", have benefited from their friendship with Marcos – whether in terms of legal assistance, political favors, or facilitation of business monopolies, during his administration. Marcos critics, and the local and international press began referring to these individuals as "cronies" during the latter days of the Marcos dictatorship, and the Philippine government – especially the Presidential Commission on Good Government (PCGG) – continued using the term after the ouster of Marcos in 1986.
Ferdinand Marcos was inaugurated to his first term as the 10th president of the Philippines on 30 December 1965. His inauguration marked the beginning of his two-decade long stay in power, even though the 1935 Philippine Constitution had set a limit of only two four-year terms of office. Marcos had won the Philippine presidential election of 1965 against the incumbent president, Diosdado Macapagal.
The 21-year period of Philippine economic history during Ferdinand Marcos’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 – was a period of significant economic lows.
The Marcos family, a political family in the Philippines, owns various assets that Philippine courts have determined to have been acquired through ilicit 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."
The Negros famine of the mid-1980s took place during the waning days of the Marcos dictatorship, and was a key moment in the history of sugar production in the Philippines, as well as the broader political history of the Philippines. Caused by the Marcos administration's efforts to control sugar production through the NASUTRA monopoly held by Marcos crony Roberto Benedicto and by a sudden crash in international sugar prices, it created what popularly came to be known as a "social volcano," with tensions culminating in the Escalante massacre, and with negative effects still felt even after the ouster of Ferdinand Marcos and his cronies during the 1986 People Power Revolution.