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Saturday, May 5, 2012

Imelda Marcos now second richest politician in the Philippines

A report from AFP News reveals that Imelda Marcos has declared her net worth at $22 million, with parliament records backing up. As of the moment, the lavish wife of late President Ferdinand Marcos is struggling against the government with the control over her assets more than 20 years after the end of her dictator husband's reign.

Image Courtesy: Wikipedia

According to records released late Thursday, the widow of the overthrown dictator declared her wealth at 932.8 million pesos in 2011. This puts her second behind boxing champ and congressman Manny Pacquiao in the list of the Philippines' richest politicians in 2012.

Elected officials in the Philippines are compelled to declare their wealth (SALNS) each year. The amount declared by Marcos was almost 50 percent higher than that of 2010, some which were attributed to new assets surrendered to the government by the dictator's cronies, but counted as "overlooked".

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How on Earth did Imelda amass and keep such large fortune?

I thought that she's now living a simple, penniless life, but it seems to me that she's hiding something somewhere. It's possible that she might have been successful in hiding large dollar accounts offshore and opened it soon as her cases have been absolved. Not that I'm being rude to her, nor pointing fingers, but I suggest that these be placed under investigation.

In fact it won't damage her reputation. If all she says is true, it would even save and vindicate her of all criticisms and unfair judgment thrown at her my her bitter political rivals and of course, a big portion of the Filipino populace.