P150B to be given away: Coop chair says Marcos wealth came from Solomon and Yamashita treasures

Image from Philippine Daily Inquirer
  • Head of group behind gathering in UPLB insisted they have Marcos wealth with them
  • He claimed late strongman’s riches came from the treasures of Solomon and Yamashita
  • He also claimed Duterte is privy to the Marcos wealth and their plans to give it away

MANILA, Philippines  –  The head of the cooperative which organized the mass gathering at the University of the Philippines Los Baños (UPLB) insisted they have access to the late strongman Ferdinand Marcos’ wealth which they plan on giving away in supposed accordance with his wishes.

According to Emmanuel Destura, chair of the One Social Family Credit Cooperative and known to his followers as “Red Dragon”, Marcos accumulated his wealth through the treasures of Solomon and Japanese general Tomoyuki Yamashita.

“Even before he became President, Apo was already wealthy,” he told the Philippine Daily Inquirer. “He had four accounts and his wealth grew with the addition of the Solomon treasure and the Yamashita treasure.”

“What’s ill-gotten were the treasures looted by the Japanese that they left buried in the Philippines. The national treasury was not even enough, and he had to fund the (government) projects himself,” he added.

Destura, who is reportedly the son of Pedro Destura who was mayor of Prieto Diaz, Sorsogon from 1969-71, also claimed that President Rodrigo Duterte was privy to the Marcos wealth and their plans to give it away.

“We’ve been keeping this a secret for a while but President Duterte himself had already announced,” he said. “But you know, the President also needs the money now for his war on drugs.”

When asked if their planned distribution was what would the late strongman wanted, Destura said Marcos himself told his father about his wish.

For her part, the cooperative’s pay master who only wanted to be identified as “Pink Diamond” but who is said to be Felicisima Cantos, the group is ready to distribute P150 billion immediately. She also claimed they had $15.2 trillion more stashed away in several offshore accounts.

Both Destura and Cantos had gone under the radar after being charged with syndicated estafa in 2013 for pulling off a similar stunt with their cooperative’s defunct forerunner Bullion Buyer Ltd.

At that time and now, recruits were offered P1 million in actual cash and livelihood assistance in exchange for paying a P30 membership fee.

A SEC advisory dated March 8, 2017 said Bullion was neither registered nor authorized to buy or sell securities.