For starters, Pamusa can sue Lucio Tan for corrupt practices in the U.S., according to our volunteer counsels. Lucio could be indicted for corporate and accounting scandals which could end the web of corruption he has woven around himself. We have evidence against Lucio to be like several CEOs of U.S. conglomerates such as Enron, Worldcom, Adelphia, TYCO, etc. sentenced to jail for corporate crimes, or pay millions of dollars of fines like foreign companies, e.g. Deutsch Bank, Siemens AG, Union Bank of Switzerland, Daimler AG (maker of Mercedes Benz), etc. to stop U.S. criminal investigation and possible prosecution of top officers.
Pamusa’s volunteer lawyers agree Lucio is now in a ditch. The PCGG can charge him through Pamusa in the U.S. and/or China of corrupt practices emerging out of the application for the proposed Allied Bank-PNB merger in the U.S.. Lucio’s counsel probably overlooked that the application would lead U.S. banking regulators to look deeper into the two banks’ ownership before approval is granted. One condition is for Allied to divest of controlling equity in a small San Francisco bank, Oceanic Bank.
After waiting for several months the buyer John K.C. Ng, father-in-law of Lucio’s son, Michael, withdrew his offer. Although he gave a different reason, Ng presumably withdrew not wanting to be embroiled in Allied using Oceanic to launder money earned by the Marcos’ companies Lucio usurped but claimed by PCGG now pending in the Sandiganbayan.
Lucio as Allied chairman, among his other management positions such as in PAL, could probably be indicted for at least four (4) serious U.S. crimes, namely: money laundering abovementioned; racketeering for investing illegal funds of Marcos-owned or controlled corporations; foreign corrupt practices for investing illegal funds of the same Marcos-owned or controlled corporations and, of course, conspiracy with others to violate U.S. laws.
Pamusa’s volunteer counsels believe that to really nail Lucio the administration shouldn’t spare efforts for the SC to allow Lucio’s brother, Mariano Tanenglian, to testify and confirm Marcos’ ownership of the companies claimed by the PCGG. And when Lucio falls, others would follow such as Imelda Marcos, her children and brother, Kokoy Romualdez whose $101 million personal net worth in 2010 according to Forbes Magazine could’ve come only from Marcos’ ill-gotten wealth allegedly shared with GMA for her protection against PCGG seizure.