Philippine Shocking History : Why the former president Marcos was involved in the legendary treasure? In March 1988, a Philippine treasure hunter named Rogelio Roxas filed a lawsuit in the state of Hawaii against the former president of the Philippines, Ferdinand Marcos and his wife Imelda Marcos. Roxas claimed that in Baguio City in 1961 he met the son of a former member of the Japanese army who mapped for him the location of the legendary Yamashita Treasure. Roxas claimed a second man, who served as Yamashitas interpreter during the Second World War, told him of visiting an underground chamber there where stores of gold and silver were kept, and who told of a golden buddha kept at a convent located near the underground chambers. Roxas claimed that within the next few years he formed a group to search for the treasure, and obtained a permit for the purpose from a relative of Ferdinand, Judge Pio Marcos. In 1971, Roxas claimed, he and his group uncovered an enclosed chamber on state lands near Baguio City where he found bayonets, samurai swords, radios, and skeletal remains dressed in a Japanese military uniform. Also found in the chamber, Roxas claimed, were a three foot high golden colored buddha and numerous stacked crates which filled an area approximately 6 feet x 6 feet x 35 feet. He claimed he opened just one of the boxes, and found it packed with gold bullion. He said he took from the chamber the golden buddha, which he estimated to weigh 1,000 kilograms, and one box with twenty-four gold bars, and hid them in his home. He claimed he resealed the chamber for safekeeping until he could arrange the removal of the remaining boxes which he suspected were also filled with gold bars. Roxas said he sold seven of the gold bars from the opened box, and sought potential buyers for the golden buddha. Two individuals representing prospective buyers examined and tested the metal in the buddha, Roxas said, and reported it was made of solid, 20 carat gold. It was soon after this, Roxas claimed, that President Ferdinand Marcos learned of Roxas discovery and ordered him arrested, beaten, and the buddha and remaining gold seized. Roxas alleged that in retaliation to his vocal campaign to reclaim the buddha and the remainder of the treasure taken from him, Ferdinand continued to have Roxas threatened, beaten and eventually incarcerated for over a year. Following his release, Roxas put his claims against Marcos on hold until Ferdinand lost the presidency in 1986. But in 1988, Roxas and the Golden Budha Corporation, which now held the ownership rights to the treasure Roxas claims was stolen from him, filed suit against Ferdinand and wife Imelda in a Hawaiian state court seeking damages for the theft and the surrounding human rights abuses committed against Roxas. Roxas died on the eve of trial, but prior to his death he gave the deposition testimony that would be later used in evidence. In 1996, the Roxas estate and the Golden Budha Corporation received what was then largest judgment ever awarded in history, $22 billion which with interest increased to $40.5 billion. In 1998, The Hawaii Supreme Court held that there was sufficient evidence to support the jurys finding that Roxas found the treasure and that Marcos converted it. However, the court reversed the damage award, holding that the $22 billion award of damages for the chamber full of gold was too speculative as there was no evidence of quantity or quality, and ordered a new hearing on the value of the golden buddha and 17 bars of gold only.After several more years of legal proceedings, the Golden Budha Corporation obtained a final judgment against Imelda Marcos to the extent of her interest in the Marcos estate in the principal amount of $13,275,848.37 and Roxas’ estate obtained.
Posted on: Sun, 20 Jul 2014 10:33:58 +0000