This article is part of a series about Ferdinand Marcos
Early life
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Stonehill scandal
Prime Minister
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Coco Levy Fund scam
Gintong Alay
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1965 election
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balance of payments crisis
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The Coco Levy Fund Scam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies. It was alleged that Marcos, Danding Cojuangco, Juan Ponce Enrile, and others conspired to tax coconut farmers, promising them the development of the coconut industry and a share of the investments, but on the contrary used the collection fund for personal profit, particularly in the purchase of United Coconut Planters Bank (UCPB) and a majority stake in San Miguel Corporation (SMC), to name two.[1]
The issue is still ongoing up to this day, with coconut farmers fighting for justice against the forced taxation, and a share of the Coco Levy Fund's investments. The Coco Levy Fund is estimated to have ballooned anywhere in the range of ₱100 billion to 150 billion in assets.[2][3]
In 2012, a Supreme Court decision[4] awarding ₱71 billion in coconut levy funds to coconut farmers was only part of the goals of a 50-year struggle to bring to the poor farmers the benefits of the Marcos-era levies gouged from them.[5][6]
^Panesa, Edmer F. "Cojuangco loses claim to UCPB block". Manila Bulletin. Retrieved 4 December 2007.
^Requinta, Elka Krystle R. "UCPB exec talks on coco levy scam". Varsitarian. The Varsitarian Online. Retrieved 16 May 2011.
^Tubeza, Philip. "PCGG exec doubts coconut levy fund's recovery". Philippine Daily Inquirer. Archived from the original on 11 June 2010. Retrieved 8 June 2008.
^"Philippine Coconut Farmers Federation (COCOFED) vs. Republic of the Philippines". Archived from the original on 20 July 2014. Retrieved 14 January 2013.
^The Coco Levy Funds: Is the Shell Game Approaching Its End? The CenSEI Report, 16 April 2012
^Ranada, Pia (10 December 2014). "SC affirms decision to give coco levy funds to farmers". Rappler. Retrieved 4 June 2021.
and 26 Related for: Coco Levy Fund scam information
The CocoLevyFundScam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies. It was...
'Marcos'. Cojuangco, with Juan Ponce Enrile, were involved with the CocoLevyFundScam, which taxed small farmers with the promise of shares in the coconut...
managers and an amorphous nine-member Board of Directors." CocoLevyFundscam Pork barrel scam An ex-officio member thru the Finance Secretary role House...
Minister Presidency Cult of personality Economy Monopolies Cronies CocoLevyFundscam Gintong Alay Timeline Communist insurgency Moro conflict First term...
1981 – coconut farmers marched to air their grievances against the cocolevyfundscam. The military opened fire on a group of 3000 farmers that neared...
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construction[page needed] and was aided with funds from the Cultural Development Fund and the Special Fund for Education.[page needed] Upon completion, it amounted to ₱50...
Commission on Good Government against three firms involved in the CocoLevyFundscam, citing inordinate delays on the part of the plaintiff. March 4 –...
'disappeared', and 70,000 incarcerations. Through a very bad combination of loan-funded deficit spending and large-scale infrastructure projects, the administration...
describe Philippine First Lady Imelda Marcos' practice of using publicly funded construction projects as political and election propaganda. Typically built...
who were marching towards the Guinayangan plaza air to protest the cocolevyfundscam. Two people were killed and 27 were wounded. Among the Quezon citizens...
the Marcos family Japanese Official Development Assistance scandal CocoLevyFundscam Golden Buddha theft Bataan Nuclear Power Plant People Locations Camp...
the creation of the cocolevy trust fund for coconut farmers, in an attempt to rectify the ills created by the CocoLevyFundscam involving former president...
allegedly used for funding the campaign of Arroyo and her party-mates and allies; this was to become known as the Fertilizer Fundscam. By 2019, the PCGG...
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the Marcos family Japanese Official Development Assistance scandal CocoLevyFundscam Golden Buddha theft Bataan Nuclear Power Plant People Locations Camp...
the Marcos family Japanese Official Development Assistance scandal CocoLevyFundscam Golden Buddha theft Bataan Nuclear Power Plant People Locations Camp...
increase in copra prices, and to denounce "fake elections" and the CocoLevyFundscam. The Daet massacre is particularly noted for happening shortly after...
who were marching towards the Guinayangan plaza air to protest the cocolevyfundscam. Two people were killed and 27 were wounded. Tudela, Misamis Occidental...
Minister Presidency Cult of personality Economy Monopolies Cronies CocoLevyFundscam Gintong Alay Timeline Communist insurgency Moro conflict First term...
worth in debt-funded infrastructure, triggering a balance of payments crisis. The Marcos administration ran to the International Monetary Fund (IMF) for help...
Coronel, Sheila; Tordesillas, Ellen (March 18, 1998). "The grandmother of all scams". Kirk, Donald (23 September 2010). "Why the Philippines bus hostage crisis...
Minister Presidency Cult of personality Economy Monopolies Cronies CocoLevyFundscam Gintong Alay Timeline Communist insurgency Moro conflict First term...
Dulag for Panorama Magazine, and Demosthenes Dingcong's investigation of fund irregularities at the Mindanao State University, where Marcos supporter Ali...
Minister Presidency Cult of personality Economy Monopolies Cronies CocoLevyFundscam Gintong Alay Timeline Communist insurgency Moro conflict First term...
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