Friday, August 10, 2012

US$2 million worth of Judicial Relief a small pain in a tradpol's wallet


High society is abuzz with the news famous and influential politician’s recent escape from a pain-in-the-neck judicial inquiry into the politico’s shady business escapades in the past had caused a dent in their very fat wallet, but it provided a relief from a potentially career-damaging judicial inquiry that would add another black mark in the politico’s already tattered image among Filipino voters.

It seems that the spouse of the famous and influential politico made the right decision in the past to tap a Zurich-based international private banking group with branches, and they say very discreet, hard-to-find-for-mortals-like-us private offices in all the world’s financial centers, to handle their immensely huge private holdings for their future “requirements,” as in if and when their numerous political enemies start filing court cases against them because of numerous controversial actions they took while the politician was in power. The spouse apparently chose the Zurich-based private banking group because its initials were similar to a special honorary title that the spouse acquired with politician’s rise to power.

According to a source very close to the politician and the spouse, the judicial relief caused a $2-million dent in their wallet, quite small and miniscule compared to their total holdings whose amount, if publicly disclosed, could equate our national government’s total budget, but in US dollars. All the arrangements were made in connivance with another famous and equally-controversial ex-politician whose shady business dealings early in his life landed him a jail term in the United States for a while.

The judicial relief for the politician was in the works since the rise to power of the new administration of President Benigno S. Aquino III, whose campaign platform of “tuwid na daan” had been anticipated by the politician and the spouse to bring them political and judicial misery till, well, the end of the Aquino Administration’s hold onto power in 2016. As pundits in the Philippines’ notorious political world say, policies last only up to the last hour of a President’s stay in office, but wealth (especially the stolen kind) remains in the hands of the rich and (in-)famous.

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