Disappearing, Marcos Billions

FAR EAST CORRESPONDENT — A shortage of funds and a resurgence of political power within the Marcos family have cast a shadow over the hunt for billions-of-dollars that went missing when Ferdinand Marcos was ousted as president, with a recommendation that the Philippine Government wind down its almost 30-year search.

That advice came from the Presidential Commission on Good Government which has led investigations aimed at retrieving the estimated U.S.$10 billion the Marcos family amassed between 1965 and 1986 when a bloodless popular revolt forced Marcos out of office and into exile.

Read more in The Diplomat.

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Luke Hunt is a foreign correspondent, author and occasional photographer who has covered much of Asia fr the last 30 years.

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