A member of the government commission investigating the "ill-gotten wealth" of deposed president Ferdinand Marcos said today that Marcos controlled an $800 million Swiss bank account, the state-run television reported.
The commission member, Ramon Diaz, declined to disclose details.
The commission also ordered the Philippine Central Bank to halt all financial transactions today in the names of 33 Marcos family members and close associates. Commission member Raul Daza declined to estimate the amount of money involved.
[A local newspaper, the Manila Times, quoted an unidentified source on the commission as saying that among documents found in the palace was correspondence between Marcos and unidentified Swiss banks, including code names and account records of deposits totaling between $2.5 billion and $3 billion, The Associated Press reported.]
Among the 33 whose accounts were frozen by the Central Bank today were: Marcos and his wife, Imelda; Marcos' son, Ferdinand Jr.; Marcos' daughter, Imee Marcos, and husband, Tommy Manotoc; and Imee Marcos' daughter, Irene Marcos, and son-in-law, Gregorio Araneta. Also included were Gen. Fabian Ver, armed forces chief of staff under Marcos, and Ver's wife and three sons.
Marcos associates included coconut magnate Eduardo Cojuangco, Antonio Floirendo, who is known as the "banana king," and sugar baron Roberto Benedicto.