Charges of Hidden Wealth

Have the Marcoses built a real estate empire in the U.S.?

A recurring accusation against President Ferdinand Marcos is that he, his wife Imelda and their friends have used their power to plunder the Philippines, thereby aggravating the country's economic plight. Opposition Candidate Corazon Aquino played on the issue last week, promising a thorough investigation of the Marcos family's financial dealings if she wins. "The new leadership will exert all efforts to eliminate the social cancer of graft and corruption," she declared. "What belongs to the people will be given back to the people."

In Washington last week a congressional subcommittee held hearings on accusations that since 1981 the Marcoses had invested...

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