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Government Files 25 New Charges Against Imelda Marcos

January 2, 1992

MANILA, Philippines (AP) _ Prosecutors today filed 25 criminal charges against Imelda Marcos for allegedly violating a law banning government officials from buying Central Bank treasury notes for personal gain.

A Justice Department statement said nine government prosecutors charged Mrs. Marcos with purchasing $75 million worth of treasury bills in 1981 through alleged front men, Roberto Benedicto and Hector Rivera.

Benedicto and Rivera, then officials of the local Traders Royal Bank in Manila, allegedly siphoned off interest from the bills worth $20 million to Swiss bank accounts which are suspected of being owned by Mrs. Marcos and her late husband, former President Ferdinand.

The Marcoses were ousted in the February 1986 ″People Power″ revolt that catapulted Corazon Aquino to the presidency. Marcos died in exile in Hawaii in 1989.

The prosecutors said Mrs. Marcos violated a Constitutional ban on ″conflict of interest″ by having business with the government. They added Mrs. Marcos also failed to report the interest she earned from the purchase of the treasury notes.

Mrs. Marcos was a governor of Metro Manila and her husband’s Minister of Human Settlements.

The latest cases brought to 50 the number of cases filed against the Mrs. Marcos.

Prosecutors recommended a bail of $12,000 for the 25 cases filed today against Mrs. Marcos.

Benedicto and Rivera could not be summoned since they are abroad.

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