FM wealth ends up as milking cow
Projects unrelated to CARP charged to recovered P35B
By PETER J.G. TABINGO
FOR 23 months between February 2004 and December 2005, the P35 billion recovered Marcos Swiss deposits was everyone’s milking cow.
Politicians, media outfits, non-government organizations, officials of national agencies, executives of government-owned and controlled corporations, and private individuals all siphoned off millions that should otherwise have gone exclusively to implementation the Comprehensive Agrarian Reform Program.
Where some took efforts to conceal the looting, others simply did their embezzlement with the ease and familiarity of withdrawing cash from an ATM.
There's lots more info in that article. Read the whole thing.
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