Ferdinand Marcos Jr.

FACT CHECK: Asian, European billionaires have not allied with Marcos due to hidden account


This is AI generated summarization, which may have errors. For context, always refer to the full article.

FACT CHECK: Asian, European billionaires have not allied with Marcos due to hidden account
The video shows the joint EU-ASEAN gala dinner where Marcos spoke with businessmen on May 25. No supposed Marcos account was mentioned.

Claim: Billionaires from Southeast Asia and Europe have allied themselves with President Ferdinand Marcos Jr. because of the family’s hidden wealth.

Rating: FALSE

Why we fact-checked this: The false claim on YouTube was posted by PweDelie TV with the title: “GRABE ASEAN EUROPEAN UNION BILLIONAIRES NAKIISA NA KAY PRES BBM SIKRETONG DAHILAN MARCOS ACCOUNT?” (Wow, ASEAN-European Union billionaires are supporting President BBM; Marcos account is the secret reason?). The video has 30,000 views and 98 comments as of writing.

What the video shows: The video shows a document dated October 4, 1976, purportedly a certificate of “Re-confirmation of Trust Deposit in trust to 9 World Bank and 7 IMF-El Banco Espanol Offshore Capital de TVM” supposedly issued by the Office of the President of the Philippines. 

The signatures of former president Ferdinand E. Marcos, former US President Gerald Ford, and Queen Elizabeth II are also shown on the alleged certificate. However, it does not explicitly mention that the trust deposit belongs to the Marcoses.

The video does not present additional evidence to support its claim. Instead, it goes on to show footage of the May 25 gala dinner of the Joint European Union (EU)-Association of Southeast Asian Nations (ASEAN) Business Council and the European Chamber of Commerce of the Philippines. The transcript of the briefing does not mention any supposed Marcos account.

In his speech, Marcos highlighted the Philippines’ economic recovery, the government’s commitment to creating an environment conducive to business, the importance of renewable energy, and the desire to strengthen trade relations with the EU through a bilateral Free Trade Agreement.

No evidence: Rappler’s fact checkers have consistently refuted assertions made by the same YouTube channel about the Marcos family’s alleged gold accounts.

Despite the absence of evidence and supporting documents, unfounded claims about the family’s hidden wealth persistently circulate online:

Keep us aware of suspicious Facebook pages, groups, accounts, websites, articles, or photos in your network by contacting us at factcheck@rappler.com. You may also report dubious claims to #FactsFirstPH tipline by messaging Rappler on Facebook or Newsbreak via Twitter direct message. You may also report through our Viber fact check chatbot. Let us battle disinformation one Fact Check at a time.

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI