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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 2 - REGARDING
THE FUNDS, MONEYS, ASSETS, AND PROPERTIES ILLEGALLY ACQUIRED OR
MISAPPROPRIATED BY FORMER PRESIDENT FERDINAND MARCOS, MRS. IMELDA
ROMUALDEZ MARCOS, THEIR CLOSE RELATIVES, SUBORDINATES, BUSINESS
ASSOCIATES, DUMMIES, AGENTS, OR NOMINEES
WHEREAS, the Government of the
Philippines is in possession of evidence showing that there are assets
and properties purportedly pertaining to former President Ferdinand E.
Marcos, and/or his wife, Mrs. Imelda Romualdez Marcos, their close
relatives, subordinates, business associates, dummies, agents or
nominees which had been or were acquired by them directly or
indirectly, through or as a result of the improper or illegal use of
funds or properties owned by the Government of the Philippines or any
of its branches, instrumentalities, enterprises, banks or financial
institutions, or by taking undue advantage of their office, authority,
influence, connections or relationship, resulting in their unjust
enrichment and causing grave damage and prejudice to the Filipino
people and the Republic of the Philippines;
WHEREAS, said assets and properties are in the form of bank accounts,
deposits, trust accounts, shares of stocks, buildings, shopping
centers, condominium, mansions, residences, estates, and other kinds of
real and personal properties in the Philippines and in various
countries of the world;
WHEREAS, a Presidential Commission on Good Government has been
established primarily charged with the responsibility of recovering the
aforesaid assets and properties for the Philippine Government;
WHEREAS, any transfer, disposition, concealment or dissipation of said
assets and properties would frustrate, obstruct or hamper the efforts
of the Government of the Philippines to recover such assets and
properties;
WHEREAS, the Presidential Commission on Good Government is further
charged with the duty of investigating any claims with respect to these
assets and properties;
WHEREAS, in accordance with the requirements of justice and due
process, it is the position of the new democratic government that
former President Marcos and his wife, Imelda Romualdez Marcos, their
close relatives, subordinates, business associates, dummies, agents or
nominees be afforded fair opportunity to contest these claims before
appropriate Philippine authorities;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines,
hereby;
(1)
(2)
(3)
(4)
The
Commission on Good Government is hereby authorized to request and
appeal to foreign governments wherein any such assets or properties may
be found to freeze them and otherwise prevent their transfer,
conveyance, encumbrance, concealment or liquidation by former President
Ferdinand E. Marcos and Mrs. Imelda Romualdez Marcos, their close
relatives, subordinates, business associates, dummies, agents, or
nominees, pending the outcome of appropriate proceedings in the
Philippines to determine whether such assets or properties were
acquired by such persons through improper or illegal use of funds
belonging to the Government of the Philippines or any of its branches,
instrumentalities, enterprises, banks, or financial institutions or by
taking undue advantage of their office, authority, influence,
connections or relationship.
DONE in the City of Manila, Philippines, this 12th day of March, in the year of Our Lord, Nineteen Hundred and Eighty-Six.
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