The World : Filipino Returns Millions
- Share via
A Philippine businessman charged with enriching himself during the 20-year rule of deposed President Ferdinand E. Marcos has handed over to President Corazon Aquino’s government $3.5 million in cash, officials said. Banana plantation magnate Antonio Floirendo also agreed to turn over $9 million in property, including three Manhattan apartments and estates in Long Island and Hawaii, said Jovito R. Salonga, chairman of the Presidential Commission on Good Government. In exchange, the government will drop criminal and civil charges against Floirendo and return several businesses it sequestered. The government says Marcos and his associates robbed the Philippines of up to $10 billion.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
A series of small-town dog killings was a prelude to the violence committed by one of California’s deadliest serial killers.
The stories behind the most compelling cases from the people who know them best.
From punchlines to policy, comedian Esteban Gast and Sammy Roth explore laughter as a powerful tool for change.
