Pacífico Marcos
Encyclopedia
Pacífico Edralín Marcos was a physician and the younger brother of former President of the Philippines
Ferdinand E. Marcos. Dr. Marcos was born in Sarrat, Ilocos Norte
to Mariano Marcos
and Josefa Quetulio Edralin. Marcos was a President of the Philippine Medical Association. In 1971 he was appointed the first chair of the nine-member Philippine Medical Care Commission. This commission was tasked to provide medical insurance to poor Filipinos. The commission's program ran for almost a quarter of a century. He was chair for 12 years.
In the 1970s, Marcos headed a defense fund which supported two Filipina nurses accused of killing 10 patients in the Ann Arbor Hospital Murders. He called their conviction a "miscarriage of justice".
He owned, controlled, or had interests in 50 corporations, including a large car dealership, a sugar mill called Consolidate Sugar Corporation, a real estate firm called Citizens Development Inc, and Philippine Seed Inc.
Marcos did not involve himself in politics, and distanced himself from his brother's regime when it grew unpopular during the 1980s. In a 1986 interview he said he was unaware of his brother's wealth. He did not join the Marcos family in Hawaii
after the EDSA Revolution, and opted to stay in the Philippines in retirement until his death.
In 1998 Marcos was the subject of a lawsuit over an under-collateral
ized "behest loan" in the amount of ₱
60 million which his company, Bagumbayan Corp, received from the Development Bank of the Philippines
. It was one of a series of lawsuits over behest loans given to associates of President Marcos. The case was finally dismissed in 2007 by the Supreme Court, which said there was no evidence that the loan was given simply because Pacifico Marcos was a "crony" of the former president.
His son, Mariano "Nonong" Marcos II, is now a provincial board member in Ilocos Norte
.
President of the Philippines
The President of the Philippines is the head of state and head of government of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines...
Ferdinand E. Marcos. Dr. Marcos was born in Sarrat, Ilocos Norte
Sarrat, Ilocos Norte
Sarrat is a fourth class municipality in the province of Ilocos Norte, Philippines. It is situated geographically east of Laoag City. Other municipalities that form part of its boundaries are: Vintar, Piddig, Solsona and San Nicolas...
to Mariano Marcos
Mariano Marcos
Mariano Marcos y Rubio was a lawyer and a politician from Ilocos Norte, Philippines. A Congressman from 1925 to 1931, He is best known for being the father of former president Ferdinand Marcos....
and Josefa Quetulio Edralin. Marcos was a President of the Philippine Medical Association. In 1971 he was appointed the first chair of the nine-member Philippine Medical Care Commission. This commission was tasked to provide medical insurance to poor Filipinos. The commission's program ran for almost a quarter of a century. He was chair for 12 years.
In the 1970s, Marcos headed a defense fund which supported two Filipina nurses accused of killing 10 patients in the Ann Arbor Hospital Murders. He called their conviction a "miscarriage of justice".
He owned, controlled, or had interests in 50 corporations, including a large car dealership, a sugar mill called Consolidate Sugar Corporation, a real estate firm called Citizens Development Inc, and Philippine Seed Inc.
Marcos did not involve himself in politics, and distanced himself from his brother's regime when it grew unpopular during the 1980s. In a 1986 interview he said he was unaware of his brother's wealth. He did not join the Marcos family in Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...
after the EDSA Revolution, and opted to stay in the Philippines in retirement until his death.
In 1998 Marcos was the subject of a lawsuit over an under-collateral
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.The collateral serves as protection for a lender against a borrower's default - that is, any borrower failing to pay the principal and interest under the terms of a loan obligation...
ized "behest loan" in the amount of ₱
Philippine peso
The peso is the currency of the Philippines. It is subdivided into 100 centavos . Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used...
60 million which his company, Bagumbayan Corp, received from the Development Bank of the Philippines
Development Bank of the Philippines
The Development Bank of the Philippines , commonly known by its initials, DBP, is a state-owned development bank in Makati, Philippines.It is the seventh-largest bank in the Philippines in terms of assets, and is the second-largest...
. It was one of a series of lawsuits over behest loans given to associates of President Marcos. The case was finally dismissed in 2007 by the Supreme Court, which said there was no evidence that the loan was given simply because Pacifico Marcos was a "crony" of the former president.
His son, Mariano "Nonong" Marcos II, is now a provincial board member in Ilocos Norte
Ilocos Norte
Ilocos Norte is a province of the Philippines located in the Ilocos Region in Luzon. Its capital is Laoag City and is located at the northwest corner of Luzon Island, bordering Cagayan and Apayao to the east, and Abra and Ilocos Sur to the south...
.