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MALACA�ANG brushed aside on July 14 orders from a US federal court in Honolulu, Hawaii to transfer $40 million out of $684 million of the Marcoses� ill-gotten wealth to a bank account created for victims of human rights violations under the Marcos dictatorship. The $40 million fund would have formed part of the indemnification payments for nearly 10,000 victims who filed a case in the US against the Marcoses. The US court ruled in favor of the victims in 1995. It may be recalled that one of the reasons the National Democratic Front of the Philippines (NDFP) was disappointed with the third round of negotiations with the GRP in June was Arroyo�s failure to deliver on a promise to facilitate the payment of indemnification to the victims. The Arroyo regime�s defiance of the US court�s order is likewise linked to Macapagal-Arroyo�s current attempts to strike a deal with the Marcoses. Arroyo is also scrounging for funds to offset the ever-rising government budget deficit, spend on her pointless 10-point program and on military expenditures, among others. ![]()
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