marcos and his friends made the entire country as their own hacienda!! Brigadier General Jose Almonte Has been called the godfather of the Reform the Armed Forces Movement (RAM) and the title is largely accurate. A small and inconspicuous think tank he ran in the early 1980s was the incubator for the ideas and catalyst for the formation in 1985 of the reform group of younger AFP officers who within a years time would play a key role in the ouster of Marcos. Operation Big Bird was the attempt of the Philippine Government during the presidency of Corazon Aquino to recover the alleged US$ 7.5 billion of hidden accounts and assets of President Ferdinand Marcos and his family in the Swiss banks. Conceived by Philippine banker Michael de Guzman, it commenced shortly after Marcos was forced into asylum in the United States. Initially, Operation Big Bird did not recover any money with two differing reports by Representative Victorio Chaves and Senator Jovito Salonga. Chaves laid the blame upon Salonga, Solicitor-General Sedfrey Ordoñez and the Swiss bank lawyers. Salonga countered that Ordoñez had prevented the Philippine government from losing a large sum of money. Evidence suggests that de Guzman acted in good faith on behalf of the new government but that a double cross may have been present.
Posted on: Sun, 21 Sep 2014 13:33:42 +0000
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