THE country’s richest man, Henry Sy, Sen. Jose Victor “JV” Ejercito, Ilocos Sur Gov. Imee Marcos and hundreds of other rich Filipinos were in the list of people with offshore holdings exposed by the International Consortium of Investigative Journalists (ICIJ).
Documents provided by Panamanian law firm Mossack Fonseca listed 572 Filipinos and “master clients” with offshore financial deals. The list included various companies and law offices.
With a net worth of $12.9 billion, Sy, 91, was named by Forbes magazine as the Philippines’ richest. His wife Felicidad, daughter Teresita and son Hans were also on the “Panama Papers” list.
Wealthy businessmen were also …read more
Source: The Manila Times
