Attempt by the Philippine government to recover stolen money
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"Operation Big Bird" (Filipino: Oplan Big Bird) was the attempt of the Philippine Government during the presidency of Corazon Aquino to recover the alleged US$7.5 billion of hidden accounts and assets of President Ferdinand Marcos and his family in the Swiss banks.[1][2] Conceived by Philippine banker Michael de Guzman, it commenced shortly after Marcos was forced into asylum in the United States.[3] Initially, Operation Big Bird did not recover any money with two differing reports by Representative Victorio Chaves and Senator Jovito Salonga. Chaves laid the blame upon Salonga, Solicitor-General Sedfrey Ordoñez and the Swiss bank lawyers.[3] Salonga countered that Ordoñez had prevented the Philippine government from losing a large sum of money.[3] Evidence suggests that de Guzman acted in good faith on behalf of the new government but that a double cross may have been present.[3]
^"Manila Standard Today - Latest News in the Philippines". Retrieved April 19, 2015.
^Cite error: The named reference Joker was invoked but never defined (see the help page).
^ abcdPeter, Lamour; Nick Wolanin (May 2001). Corruption and anti-corruption. pp. 104–106, 251, 260. ISBN 978-0-7315-3660-3. Retrieved May 31, 2010.
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