Published: 13:37 April 5, 2013

http://gulfnews.com/news/world/philippines/imee-should-be-probed-for-alleged-money-laundering-1.1167001

Manila: A provincial governor and eldest daughter of the late dictator Ferdinand Marcos should be investigated for alleged laundering of secret bank accounts of her father, following a report that she became the financial advisor in 2010 of a secret offshore trust that was formed in June 2002 in the British Virgin Islands, including two other secret offshore accounts, a good governance body said.

“If [these] funds came from the pre-1986 Marcos secret deposits [that were uncovered after his ouster at the time and] that were the subject of freeze orders [by the Philippine government], then those responsible for moving the funds around could be committing money laundering,” Maita Chan-Gonzaga, commissioner of the Presidential Commission on Good Governance (PCGG), told Philippine Centre for investigative Journalism (PCIJ), which quoted financial data from the International Consortium of Investigative Journalists (ICIJ).

Attached to Maria Imelda “Imee” Marcos Manotoc’s Sintra Trust is an account at the United Overseas Bank Limited in Singapore, the PCIJ said.

Marcos was estranged from her first husband, golfer Tomas Manotoc with whom she has three sons — Ferdinand Richard Michael Marcos Manotoc, Matthew Joseph Marcos Manotoc and Fernando Martin “Borgy” Marcos Manotoc. They were named as beneficiaries of Sintra Trust. Her current partner is a Singaporean based in Manila, said the PCIJ.