Thursday, August 13, 2009
Filipino journalists detail the President's skyrocketing wealth
Philippine President Gloria Macapagal Arroyo's declared wealth has more than doubled in her eight years in office, faster in percentage terms than any of the three presidents who preceded her, according to an exhaustive study of her finances by the Philippine Center for Investigative Journalism.
Arroyo's immediate predecessor, Joseph Estrada, was overthrown and tried for plunder and perjury after the center exposed the unexplained wealth he, his mistresses and children had accumulated.
The full story and the PCIJ database on the wealth of the Arroyos may be viewed at www.pcij.org and www.pcij.org/blog.