Chronology of the Plunder - Part 3

Is it true that Marcos propagated the Yamashita myth to hide the fact that he looted the Central Bank, that its gold bars were melted down and recast in odd-size bars to make them look old (how does gold look old, anyway?). Marcos claimed that he "received the surrender of Gen. Yamashita" after a battle with his guerrilla outfit. History has recorded that Yamashita surrendered to Lt. Co. Aubrey Smith Kenworthy and that there was no battle.

Yamashita's peaceful surrender had been arranged at least two weeks before the event.

In one entry in Marcos' diary he noted, "I often wonder what I will be remembered for in history. Scholar? Military hero…?" In a supreme irony, he did achieve what he so vainly sought - lasting fame - but not in the way he envisioned:

The largest human rights case in history - 10,000 victims.

Guinness Book of Records - the world's greatest thief.

The largest monetary award in history - $22 billion..

September 30, 1986 Questioned by Philippine and US lawyers about his hidden wealth, Marcos took the Fifth Amendment 197 times. Imelda followed suit - 200 times.

December 1989 An American jury found the Marcos estate liable for $15 million in the killing of anti-Marcos activists Gene Viernes and Silme Domingo. Manglapus, Psinakis, Gillego and other erstwhile exile oppositionists testified at the
trial.

November 04, 1991 Today, a Sunday, the circus came to town. The Swiss Federal Tribunal had ruled the year before that the Philippine government must comply with the European Convention o Human Rights, especially due process. There had to be a lawsuit filed within one year. Thus, the solicitor general's office filed all sorts of cases against Imelda and the government had to allow her to return to answer the charges.

"I come home penniless," she tearfully said on arrival. She then repaired to her suite at the Philippine Plaza Hotel which cost $2,000 a day and rented sixty rooms for her entourage - American lawyers, American security
guards and American PR firms.

December 1991 The Central Bank had accumulated losses of Php324 billion in the Special Accounts.

November 30, 1992 The Central Bank; losses were Php561 billion and climbing. Cuisia asked that the CB be restructured. Sen. Romulo asked to see the 1983 audit of the international reserves. He couldn't get a copy. It was "restricted" .

January 05, 1993 Imelda didn't show up for the scheduled signing of a new PCGG agreement. She kept vacillating on the terms and conditions - demanding she be allowed to travel abroad for thirty-three days to confer with bank officials in
Switzerland , Austria , Hong Kong and Morocco to work out the transfer of the frozen funds.

Actually she was hoping a guy she had authorized, J..T.Calderon, would be able to move the funds just as the order was lifted, before the government had a chance to transfer them to Manila . When the government discovered the authority, all negotiations with Imelda were halted and her requests for travel suspended.