I’d share the whole article if that wasn’t considered unethical blogging.
Just read the whole damn thing.
Convicted but never jailed
This transaction involved leasing out two train station terminals at below market rates to a private foundation that she herself put up and headed. Philippine General Hospital Foundation was supposed to raise funds for the state-owned Philippine General Hospital but its hospital director told me then in an interview that PGH never got a cent from PGH Foundation. Mrs. Marcos signed the contract with LRTA on behalf of the foundation even though she was also the LRTA chair.
In 1996, the Supreme Court found Mrs. Marcos “guilty beyond reasonable doubt,” sentenced her to 12 years in jail and fined her the equivalent of the anomalous contract. Dans was acquitted because the Court found “no conspiracy” between him and Mrs. Marcos.
Around the same time that the government of Fidel Ramos—the dictator’s second cousin—was prosecuting Mrs. Marcos in court, it was secretly negotiating a deal that only came to light in 1996 when former Solicitor General Frank Chavez asked the Supreme Court to stop it. The deal would have allowed the Marcoses to walk off with 25 percent of all their ill-gotten wealth—here and abroad. Tax-free. In addition, all pending criminal and civil cases against them would be dropped.
But that wasn’t all. Chavez presented a letter dated Jan. 24, 1995, from Mrs. Marcos’ lawyer to Presidential Commission on Good Government chair Magtanggol Gunigundo saying “it is further understood that $50 million will be taken from the top as approved by President Ramos and your
(Gunigundo’s) good self.”
“Where will the $50 million taken from the top go?” Chavez demanded to know as he asked to court to permanently bar all compromise deals with the Marcoses.