Indonesian Political, Business & Finance News

Ramos denies role in gold case

| Source: DPA

Ramos denies role in gold case

MANILA (DPA): President Fidel Ramos denounced as "a
conspiracy" yesterday allegations that he holds an account in a
Swiss bank containing money from the sale of gold owned by the
late Philippine dictator Ferdinand Marcos.

Accusations that Ramos maintains an account in the Geneva-
based Bank Julius Baer and Company fueled suspicion the
government has signed a compromise deal with the Marcos family to
share recovered ill-gotten wealth of the deposed strongman.

"This must be part of a conspiracy that some irresponsible,
spurious and maybe criminally-inclined people are trying to bring
upon the Filipino audience," Ramos said in reaction to the
disclosure by Robert Swift, an American lawyer campaigning for
compensation for 10,000 victims of Marcos' 20-year reign.

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