Thursday, September 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Opinion Columns Business Class by Rudy Romero

PCGG’s factual answers to BBM’s false claims

Rudy RomerobyRudy Romero
March 17, 2022, 12:15 am
in Business Class by Rudy Romero, Columns, Opinion
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

“Lies. Barefaced lies.”

A few days ago, an item appeared in one of this country’s leading newspapers that, for reasons best known to the newspaper’s news editor, failed to get the prominent space that it clearly deserved. The item dealt with presidential candidate Bongbong Marcos—a.k.a. BBM—and the claims that he had been making about his knowledge of and role in the concealment and disposition of the wealth illegally amassed by his parents President Ferdinand E. Marcos and Imelda Romualdez-Marcos.

The news item consisted almost entirely of the rebuttals of one-time Presidential Commission on Good Government commissioner Ruben Carranza to the I-didn’t-know and I-wasn’t-aware claims of the dictator’s son and namesake. To make sure that the readers of the Manila Standard and other leading newspapers get to read what was said by Mr. Carranza, a first-rate attorney now associated with the US-based International Center for Transnational Justice, I am reproducing here the claims-versus-facts exchange between BBM and Carranza.

Claim No. 1 of the dictator’s son is that he had “no role” in his family’s ill-gotten wealth. His second claim is that he should not be made to answer for his father’s crimes. Claim No. 3 is that he was not old enough to know about the deposits that his parents were making abroad during his father’s dictatorial regime. BBM’s fourth claim is that he was not old enough in 1998 when the PCGG learned about the deposits made by his parents with the Panamanian corporation Arelma S.A.

Carranza marshalled PCGG facts and factual figures to demolish BBM’s claims one by one. This is what he said by way of rebuttal of Mr. Marcos’ claims:

Supreme Court records will bear out that Ferdinand Marcos Jr. was very much involved in the case that resulted in a decision declaring Ferdinand Marcos’ and Imelda Marcos’ $678-million secret deposits in Swiss banks as ill-gotten – and therefore forfeitable in favor of the Philippine government—wealth. It was BBM who was asked by the Supreme Court to answer, and he did answer, questions regarding the contents of the said Swiss accounts.

When the dictator died in September 1989, it was BBM and his mother who assumed the management of his estate. That was to be expected, considering that BBM was the only male among the dictator’s children.

Bongbong Marcos was already 15 years old in 1973 when his father deposited assets worth $2 million with the New York Cityoffice of Merrill Lynch & Co. The deposit was made to the account of the Panama-registered corporation Arelma S.A.

BBM was already 40 years old—very much a grown man—in 1998, when the PCGG discovered the placements.

The big difference between BBM and Ruben Carranza is that BBM has been making claims whereas the latter, a seasoned attorney, has been speaking with PCGG facts and factual figures as basis. Making claims is easy, but facts are facts.

Ferdinand Jr. has been saying that he had no knowledge of what his parents were doing; Carranza says that he did have knowledge.

Ferdinand Jr. has been saying that he was unaware of what was going on around him during the martial-law years; Carranza insists that he was aware. Ferdinand Jr. claims he was not old enough to know that his parents were depositing large amounts of money abroad; Carransa asserts that at 15, Bongbong was old enough to know. And Carranza says BBM knew about the 1998 PCGG discovery of his parents’ Panamanian deposits because he was already 40 years old at that time.

In the face of the PCGG facts and factual figures, BBM’s I-was-not-old-enough and I-didn’t-know claims can be dismissed as barefaced lies. The dictator’s son and his supporters should stop making them. BBM was old enough to know about, was aware of, and was very much involved in the concealment and management of his parents’ ill-gotten wealth.

Tags: Bongbong MarcosPresidential Commission on Good GovernmentRuben Carranza
ADVERTISEMENT
Rudy Romero

Rudy Romero

Related Posts

Protecting human rights defenders

byManila Standard
September 28, 2023, 12:15 am
0
8
Protecting human rights defenders

If human rights defenders are an endangered species, Senator Risa Hontiveros believes what they need is adequate protection from harassment...

Read more

Bliss or bore

byLito Banayo
September 28, 2023, 12:10 am
0
8
A crisis president

"Through the bliss or bore, the saddest element is to note the deterioration of our once beautifully livable country into...

Read more

The MUP pension debate

byFlorencio Fianza
September 28, 2023, 12:05 am
0
8
Money matters

"There are people in both the military and police who are anxiously waiting for the final outcome so they can...

Read more

Investing for the future

byMelandrew Velasco
September 28, 2023, 12:00 am
0
8
RSA: Mr. Malasakit, the environmentalist

"SMC’s noble purpose and commitment to invest in the Filipino future is commendable" Every  year one learns about performances of...

Read more

China’s floating barriers

byManila Standard
September 27, 2023, 12:15 am
0
8
China’s floating barriers

Incredible accomplishment. That one, after the Philippine Coast Guard removed a “floating barrier” installed by China southeast of Bajo de...

Read more

Train extensions – when will they be operational?

byJenny Ortuoste
September 27, 2023, 12:10 am
0
8

It’s time for priority to be given to commuters — the workers who are the lifeblood of industry, the students...

Read more

Print Edition

View More

Recent Posts

  • Ukraine claims 30 drones downed in major Russian UAV attack
  • ‘Dame Time’ in Milwaukee as NBA Blazers trade Lillard to Bucks
  • BingoPlus welcomes new picks at PBA Season 48 Rookie Draft
  • Unleashing the Potential of Tomorrow: GPCCI Mabuhay Germany Event 2023 Set to Drive Innovation and Growth
  • Converge: Answering the call of digitalization
  • Blood drive draws 100 units at SM Camanava Malls
  • My data was reportedly leaked. What should I do? Kaspersky has tips for individuals and companies
  • (no title)

Advertisement

Latest News

Blood drive draws 100 units at SM Camanava Malls

byJun David
September 28, 2023, 12:34 pm
0
8
Blood drive draws 100 units at SM Camanava Malls

Over a hundred donors from SM Malls in Grand Central and Sangandaan in Caloocan and Valenzuela took part in the...

Read more

My data was reportedly leaked. What should I do? Kaspersky has tips for individuals and companies

byManila Standard - Tech
September 28, 2023, 12:32 pm
0
8
My data was reportedly leaked. What should I do? Kaspersky has tips for individuals and companies

Following the reported high-profile ransomware attack on a national government agency, Kaspersky is recommending some tips for individuals and companies...

Read more

byManila Standard - Tech
September 28, 2023, 12:30 pm
0
8

 According to Payoneer's SMB Ambitions Barometer, 61% of surveyed small and medium-sized businesses are planning to use artificial intelligence (AI)...

Read more

Man on a mission: Commissioner Kelvin Lee champions fintech in Philippines, beyond

byManila Standard - Tech
September 28, 2023, 12:27 pm
0
8
Man on a mission: Commissioner Kelvin Lee champions fintech in Philippines, beyond

Commissioner Kelvin Lee “If it sounds too good to be true, it probably is too good to be true.” Commissioner...

Read more

Cignal is official broadcast, digital partner of NBA, NBA 2K League in the PH

byManila Standard Sports
September 28, 2023, 12:25 pm
0
8
Cignal is official broadcast, digital partner of NBA, NBA 2K League in the PH

Shown here are (from left) NBA Asia Head of Content Partnerships and Direct-to-Consumer Kelly Cooke, NBA Asia Managing Director Ramez...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App