The World - News from Feb. 28, 1989
A luxury condominium on New York City’s Fifth Avenue that was turned over to the Philippines government by an associate of deposed President Ferdinand E. Marcos was sold for $3.7 million. An official of the Philippine Commission on Good Government said the seven-bedroom apartment on the 43rd floor of the Olympic Towers, next to St. Patrick’s Cathedral, was surrendered to the Philippine government in 1986 by Marcos associate Antonio Floirendo as part of a deal to avoid prosecution. It was among several properties allegedly owned by Marcos through fronts. The buyer was not identified.
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