Indonesian Political, Business & Finance News

Marcoses not off hook yet

| Source: AFP

Marcoses not off hook yet

MANILA (AFP): Philippine President Joseph Estrada said on
Monday a US$150 million deal involving Ferdinand Marcos'
allegedly ill-gotten wealth did not exonerate the late dictator
or his family from charges of human rights abuse.

The agreement, announced last week, provides for the payment
of $150 million to 9,539 victims of human rights abuse during
Marcos' rule. It was reached as a settlement for a $1.9 billion
judgment by a U.S. court where the victims had won a class suit
in 1994.

However, several claimants have rejected the deal announced by
their lawyers in Los Angeles because it contains provisions
clearing the former dictator's family of any responsibility and
giving it immunity from future lawsuits.

Estrada, a former pro-Marcos politician who brokered the deal,
said in a statement on Monday that any "immunity" provision
referred only to future lawsuits that may be filed by the nearly
10,000 rights abuse victims.

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