Palace denies compromise deal with Marcoses

Joniel Monton

Former Philippine first lady and congresswoman Imelda Marcos poses for photographers at the ancestral home of her late husband, former president Ferdinand Marcos, on her 85th birthday in Batac, Ilocos Norte in the northern Philippines, July 2, 2014. REUTERS/Erik De Castro

Manila, PHILIPPINES — A deal between the government and the Marcoses over the family’s hidden wealth is being pushed once again.

In the proposed compromise agreement submitted by Atty. Oliver Lozano, the Marcos family and the government will share the hidden wealth,

For a still unspecified percentage. The deal excludes the ill-gotten wealth which was already decided by the court such as the former first lady’s pieces of jewelry.

In return, the government will stop from running after the family and will speed up the resolution of the pending cases against the Marcoses. Lozano, who is a known Marcos loyalist, claims the family knows about this.


He clarified there was no proposal of immunity for the Marcoses.

“There is no request for immunity because the immunity is already provided by the Constitution, Article 18, Section 26. It is stated there that there will no more sequestration, no more judicial action,” Lozano said.

But  Atty. Vic Rodriguez, the spokesman of former Senator Bongbong Marcos, disowned Lozano saying the family has nothing to do with him nor the proposed deal.

“He has no authority to represent anyone, more so to bind any member of the family neither the estate of the late President Ferdinand Marcos,” he said.

Malacañan Palace also denied having an agreement with the Marcos family.

Chief Presidential Legal Counsel Secretary Salvador Panelo said they received the document from Lozano out of courtesy but no action has been taken about it yet.

However, in his letter to Lozano, Panelo said they will further study the proposal.

Lozano estimated the Marcos wealth to be enough to pay all the country’s debts. — Roderic Mendoza | UNTV News & Rescue

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