“The $650 million recovered by the Philippine government in the Swiss bank accounts of the Marcos family in 2003 were not stolen.”
What Vera Files found
In 2003, the SC, citing “undeniable circumstances” and “an avalanche of documentary evidence,” ruled that the Marcoses failed to “justify the lawful nature of their acquisition” of the money in Swiss banks that had been transferred to the Philippine National Bank. The court ordered the forfeiture of these deposits, by then valued at $658,175,373.60.
Their words, from the summary they publish with the rating.
In short
Luis "Chavit" Singson made this claim around 18 February 2022. Vera Files (Philippines) looked into it and published its finding on 1 March 2022, 11 days later. Its rating was “False”.
Where the claim appeared
- YouTube videohttps://www.youtube.com/watch?v=_OEsHnf5jno
- YouTube videohttps://youtu.be/_OEsHnf5jno?t=732
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.