User:Chieharumachi/sandbox/BoyingPimentel

Louffa
The Marcoses held many properties throughout the Philippines, usually held in the names of trusted associates. For example, Jose Yao Campos alone surrendered 197 titles to the PCGG in a 1996 compromise deal.

Some of the best known sequestered Marcos properties in Manila included the
 * residential mansions in Wack-wack, Dasmariñas Village, and Paranaque held in the name of Jose Yao Campos (sold in 2011 for P127.06 Million and, in 1994 for P200 Milion, and in 2014 for P237 million respectively);
 * a Caloocan property in the name of Alejo Ganut (sold in 2000 for P262.6 million);
 * and the Payanig sa Pasig property in Pasig City.

In nearby provinces, sequestered Marcos properties included
 * the Tagaytay property in the name of Anthony Lee, sold in 2008 for P172.4;
 * Jose Yao Campos' IRC Antipolo properties in San Isidro and Victoria Valley Subdivision (sold for P27.6 million in 1995 and 25.15 million in 1996, respectively);
 * and properties in the name of Jose Yao Campos in Bataan, sold in 2000 for P262.6 million.

The Marcoses famously had several Real estate properties in Baguio, mostly held under Campos' name. These included
 * the Hans Menzi compound and Banaue Inn Compound, sold in 2012 for 93.02 million and 10 million, respectively, and the J".Y Campos property" sold for P160 million in 2014.

Properties recovered by the PCGG through a compromise deal with Roberto Benedicto were from various places throughout the archipelago. This included the IBC 13 Properties in Broadcast City and of all its provincial stations, and three Marcos haciendas in Negros Occidental were eventually surrendered to the PCGG in 2003.

Shares and accounts
The Marcoses also held stock in numerous Philippine companies, again usually held in the names of trusted associates. Companies from which stocks owned by the Marcoses have been recovered include the Philippine Overseas Telecommunications Corp., the Manila Electric Company (MERALCO), Philippine Long Distance Telephone Company (PLDT), Philippine Telecommunications Investment Corp. (PTIC), Eastern Telecommunications Philippines Incorporated (ETPI), Manila Bulletin, and San Miguel Corporation (SMC).

Also recovered from the Marcoses and their cronies were funds from the Philippine Development Alternatives Foundation and the Coco Levy fund, funds from Security Bank and Trust Company (SBTC) accounts under the name of of Rolando Gapud and Jose Y. Campos, as well as about P250 million in cash surrendered by Campos when he cooperated with the PCGG in mid-1986.

Overseas louffa
Aside from the Philippines, various assets sequestered by the Philippine government as part of the Marcoses' unexplained wealth, including bank accounts, real estate, jewelry, and art,were recovered Japan, Singapore, Switzerland, and the United States. Chroniclers such as Ricardo Manapat also list supposed Marcos assets in Rome, Vienna, Australia, the Antilles, the Netherlands, and Hong Kong.

Apple pie
Hi
 * $1.35 million – Makiki Heights property of Floirendo (1995)

CA
 * $2.5 million – Beverly Hills property of Floirendo (1994)
 * $45,927 – from auction of personal items in the property (1994)

NJ
 * $34.59 million – Princeton Pike property (1987)
 * $1.622 million – Lindenmere Estate of Floirendo (1996)

NY
 * P58.28 million – Sale of Olympic Tower apartments (1989)
 * $3.25 million – Wall Street Property (1989)
 * $1.5 million – Herald Center Property (1989)
 * $769,852 – Proceeds from the sale of Crown Building (1991)
 * $189,149 – Sale of 200 Madison Avenue property (1993)

$702,797 – proceeds of public auction of Marcos regime mementos from Viscount International Hotel (1986)

P70 million – cash and assets from Antonio Floirendo (1987)

$870,380 – from auctions of various furniture and artworks at Christie’s (1988)

$11.487 million – from 99 paintings of Old Masters auctioned (1991) $4.451 million – Sale of magnificent silvers auctioned (1991) $3.292 million – Sale of Sandra Garcia and Marc Cohen collection (1994)

Cheese

 * $16 million – Swiss bank deposits under a settlement agreement with Benedicto (1990)
 * $11.7 million – Swiss bank deposits of spouses Benjamin and Juliette Romualdez and Ignacio and Fe Roa Gimenez (1998)
 * $658 million – Marcos Swiss accounts, frozen in 1986 and which the Supreme Court ruled in favor of the Philippines (2003)
 * $3.2 million – Swiss deposits of Fe Gimenez-controlled GEI, Inc. (2007)

Timeline
 * in 1986 the Federal Council ordered bank accounts to be frozen
 * In 1997, the Court established that the majority of the Marcos foundation assets were of criminal origin and permitted their transfer to a escrow account in Manila, even though no Phillippine court ruling had yet been issued.
 * The PNB, in turn, deposited some of the funds in various banks I Sg and the UK, including the Sg branch of the german bank West LB.
 * On 15 July 2003 the confiscation ruling of the Phillippine Supreme Court confirmed the view of the Swiss Federal Supreme Court with regard to the criminal origin of the monies seized, the Phillippine government may now dispose of the assets, worth some USD 683 million
 * On January 30, 2004, West LB filed for interpleader relief after Marcos-era human rights victims filed claim to enforce the judgment for recovery that they had obtained in the Hawaiian courts.
 * In August 2012, the Singapore High Court dismissed claims by the Government of the Philippines, Marcos-associated foundations and the Marcos-era human rights victims to funds being held at the WestLB Bank. The High Court held that the Philippine National Bank (PNB) held title to the funds.
 * In 2004, Switzerland released $683 million in funds to the Philippines Treasury,
 * In February 2013, the Human Rights Victims Reparations and Recognition Act was approved, creating an independent Human Rights Victims' Claims Board to administer a compensation fund of P10 billion (US$230.8 million) for Marcos era human rights victims.

Burgers
Bank
 * P264 million – Settled case against Redwood Bank California (1998)
 * $6.8 million – Sale of the Redwood Bank (1999)

Arelma
 * $42 million – Arelma Inc. (2014)

Another famous overseas account of the Marcoses is known as the Arelma account, opened in 1972 at the brokerage firm of Merrill, Lynch, Pierce, Fenner & Smith, Inc. in New York under the name of the Arelma Foundation, a Panamanian corporation. The initial deposit had been for only $2 million in 1972, but the account had grown to approximately $35 million by 2000, and $40 million by 2012.

Two bearer share certificates representing ownership of Arelma foundation had been transferred to the by the Philippine National Bank (PNB) by an order of the Swiss Federal Supreme Court in 1990 and held in escrow. (STAR)

The account has been the subject of conflicting claims, notably that of the Philippine Government, but also Marcos' human rights victims, who sought the funds as part of a nearly $2 billion judgment by the Hawaii District Court in 2004, which awarded them to Marcos’ human rights victims. Imelda and Bongbong Marcos also challenged the forfeiture of the funds.(Also STAR)

An April 2012 Philippines Supreme Court decision dismissed the challenge of Imelda and Bongbong Marcos and forfeited the Arelma assets to the Republic of Philippines instead of the human rights victims. (STAR)

Sushi
P11.5 million – Imelda Marcos’ Sanwa Bank accounts and most of Hawaii assets under settlement agreement (1990)

Bak Kut Teh
$29 million – Part of Marcos Swiss bank deposits and interest recovered in two West LB accounts (2014)

Jewels
(From Imelda Marcos) On January 13, 2014, three collections of Imelda Marcos's jewelry: the Malacanang collection, the Roumeliotes collection, and the Hawaii collection; along with paintings by Claude Monet were seized by the Philippine government. In 2015, a rare pink diamond worth $5 million was discovered in her jewelry collection. On February 16, 2016, the government of the Philippines announced that the three collections, valued at about $21 million, were to be auctioned off before the end of Benigno Aquino III's term on June 30, 2016. In October 2015, Imelda Marcos still faced 10 criminal charges of graft and 25 civil cases in the Philippines.

Artwork
Le bassin aux nymphéas - Claude Monet.jpg

from abscbn Oct 02 2014 https://news.abs-cbn.com/nation/10/01/14/marcoses-concealed-other-paintings-pcgg-official Of the “more or less” 156 paintings allegedly collected by the Marcoses during their reign, only 12 paintings have been located so far, an official of the Presidential Commission on Good Government (PCGG) said.

Commissioner Ma. Ngina Teresa V. Chan-Gonzaga said that of the twelve paintings, four have been located in New York City, while eight are still in the possession of former First Lady Imelda Marcos in her different residences in the Philippines.

located in New York City
 * Le Cypres de Djenan Sisi Said (or Algerian View) by Albert Marquet (acquisition cost - USD 67,500)
 * L'Eglise et la Seine a Vetheuil by Claude Monet (acquisition cost - USD 138,800)
 * Water Lilies and Japanese Bridge by Claude Monet (acquisition cost - USD 791,800)
 * Langland Bay by Alfred Sisley (acquisition cost – USD 200,000)

still in the possession of former First Lady Imelda Marcos in her different residences in the Philippines. from INQ https://newsinfo.inquirer.net/641486/8-paintings-owned-by-marcoses-ordered-seized
 * LaBaignade Au Grand Temps by Pierre Bonnard
 * Madonna and Child by Michelangelo Buonarroti
 * Vase of Red Chrysanthemums by Bernard Buffet
 * Still Life with Idol by Paul Gauguin
 * Portrait of the Marqueza de Sta. Cruz by Francisco de Goya
 * L’Aube by Joan Miro
 * Femme Couche VI (Reclining Woman VI) by Pablo Picasso

The Marcos art collection is known to have included works by Michelangelo, Botticelli, Canaletto, Raphael, as well as Monet's L'Église et La Seine à Vétheuil (1881), Alfred Sisley's Langland Bay (1887), and Albert Marquet's Le Cyprès de Djenan Sidi Said (1946).


 * $398,123 – from the Christie’s auction of a Picasso painting (2001)

Her property also used to include a 175-piece art collection, which included works by Michelangelo, Botticelli, Canaletto, Raphael, as well as Monet's L'Église et La Seine à Vétheuil (1881), Alfred Sisley's Langland Bay (1887), and Albert Marquet's Le Cyprès de Djenan Sidi Said (1946). On October 17, 2013, the attempted sale of two Claude Monet paintings, L'Eglise de Vetheuil and Le Bassin Aux Nymphéas, became the subject of a legal case in New York against Vilma Bautista, a one-time aide to Imelda Marcos. Bautista was sentenced in 2014 to 2–6 years in prison for attempting to sell "valuable masterpieces that belonged to her country".

On one occasion, Imelda spent $2,000 on chewing gum at the San Francisco International Airport and, on another, she forced a plane to do a U-turn mid-air just because she forgot to buy cheese in Rome. Her collection of shoes  now lies partly in the National Museum of the Philippines and partly in a shoe museum in Marikina. Typhoon Haiyan (Yolanda) damaged her ancestral home in Tacloban, which also serves as a museum, although she still retains homes in Ilocos Norte and Makati, where she resides.

Sharing
Companies and shares

MERALCO

PLDT

Philcomsat

Coco Levy Fund

2019 ETPI - three sequestered companies—Eastern Telecommunication Philippines, Polygon Investors and Managers Inc. and Aerocom Investors and Managers Inc 2019 https://newsinfo.inquirer.net/1198623/heirs-of-marcos-cronies-lose-wealth-case

Reppars
Reparations (Fromm Ferdinand Marcos) In 1995, some 10,000 Filipinos won a U.S. class-action lawsuit filed against the Marcos estate. The claims were filed by victims or their surviving relatives consequent on torture, execution, and disappearances.

The Swiss government, initially reluctant to respond to allegations that stolen funds were held in Swiss accounts, has returned $684 million of Marcos's stash.

Corazon Aquino repealed many of the repressive laws that had been enacted during Marcos's dictatorship. She restored the right of access to habeas corpus, repealed anti-labor laws and freed hundreds of political prisoners.

From 1989 to 1996, a series of suits were brought before U.S. courts against Marcos and his daughter Imee, alleging that they bore responsibility for executions, torture, and disappearances. A jury in the Ninth Circuit Court awarded US$2 billion to the plaintiffs and to a class composed of human rights victims and their families. On June 12, 2008, the U.S. Supreme Court (in a 7–2 ruling penned by Justice Anthony Kennedy in Republic of Philippines v. Pimentel) held that: "The judgment of the Court of Appeals for the Ninth Circuit is reversed, and the case is remanded with instructions to order the District Court to dismiss the interpleader action." The court dismissed the interpleader lawsuit filed to determine the rights of 9,500 Filipino human rights victims (1972–1986) to recover US$35 million, part of a US$2 billion judgment in U.S. courts against the Marcos estate, because the Philippines government is an indispensable party, protected by sovereign immunity. The Philippines government claimed ownership of the funds transferred by Marcos in 1972 to Arelma S.A., which invested the money with Merrill Lynch, Pierce, Fenner & Smith Inc., in New York.

In July 2017, the Philippine Court of Appeals rejected the petition seeking to enforce the United States court decision that awarded the $2 billion in compensation to human rights victims during the term of former President Ferdinand Marcos.